The Ministry of Infrastructure has sent a letter to the European Commission proposing that the EU completely block transport connections with Russia and Belarus. “Despite the restrictive measures already in place, Russian businesses are finding workarounds and continuing to operate in other countries. Accordingly, the existing sanctions fail to fully achieve their goal. In this…
The Estonian Association of Construction Entrepreneurs has sent a letter to the Ministry of Finance in which it threatens to terminate public sector construction contracts signed before Russia’s invasion of Ukraine, if the state is not willing to pay more for ongoing projects. The address suggests current material prices make it impossible to finish the…
Commercial banks in Georgia loaned 43.25 billion GEL ($13 billion or EUR 12 billion) and received deposits of 37.63 billion GEL ($11 billion or EUR 10 billion) in February, the National Bank of Georgia (NBG) reported. The volume of loans has increased by 1.09 billion GEL (2.58%) MoM. The number of deposits increased by 856.15…
The Romanian government has approved a draft for the ratification of the agreement with Moldova on a non-refundable financial assistance worth 100 million euros. The spokesman for the Romanian Cabinet, Dan Carbunaru, has made statements to this effect. According to Carbunaru, decision-makers approved the draft law for the ratification of the agreement between the governments…
Polish oil group Orlen, which owns Lithuania’s Mazeikiai-based oil refinery Orlen Lietuva, plans to use only oil supplied by Saudi Arabia, Energy Minister Dainius Kreivys has said. “Orlen is renouncing Russian oil and plans to produce products only from Saudi Aramco’s Saudi Arabian oil,” said Kreivys. Up until now, most of Orlen Lietuva’s refined oil…
The Moldovan capital’s authorities will ask the Chisinau Municipal Council (CMC) for a tariff of 6 lei for one travel by trolley bus or bus. The Chisinau city hall informed that it backed the Methodology of calculation of the tariffs for one travel in the public transport from the Chisinau municipality, worked out by the…
Volunteers from Lithuania’s NGO Food Bank will collect food products for people in need and Ukrainian refugees. Volunteers will be available in supermarkets in 69 towns and cities. “Food donations during this campaign are desperately needed. We are asking people to do what they can to help, as NGOs have run out of long shelf-life…