Since the full-scale Russian invasion of Ukraine and as of June 15, the total amount of assistance declared and provided to the country by international partners has been $30 billion. That’s according to the June financial stability report by the National Bank of Ukraine. “Ukraine’s partners also provide significant amounts of financial support directly to…
Steel transit to Kaliningrad made up only an insignificant share of freight shipments by Lithuanian Railways (LTG), Transport Minister Marius Skuodis said on June 22. The ban of the rail transit of steel and other ferrous metals between Russia and its exclave of Kaliningrad via Lithuania has been factored into the overall impact of EU…
Fees paid by small and medium-sized businesses for card transactions could be capped. An initiative to amend the legislation in this regard was examined on June 22 by the parliamentary committee on economy, budget and finance. The project was worked out by members of the Action and Solidarity Party parliamentary faction, Dumitru Alaiba, Dan Perciun…
Poland’s retail sales increased in real terms by 8.2% YoY, but fell by 1.7% MoM in May, the Central Statistical Office said on June 22. Economists expected May’s retail sales to grow in real terms by 8.1% YoY and drop by 0.1% MoM. In current prices, retail sales increased by 23.6% YoY in May against…
Brewery Saku has reported a net profit of EUR 8.1 million for 2021, up by 19% YoY and the strongest result in recent years, driven both by the domestic retail market and by significant export growth. Saku’s sales revenue was EUR 69.35 million in 2021, up by 6.7%. Board member Jaan Harms said: “In terms…
The Latvian airline AirBaltic is removing four routes from Vilnius Airport as of September. Meanwhile, flights to four destinations – Paris, Berlin, Tallinn and Riga – will be less frequent. AirBaltic will stop operating flights to Oslo, London Gatwick, Dublin and Hamburg from September. AirBaltic says it is facing a shortage of aircraft parts. However,…
Exports of Polish agricultural and food products grew by 19.5% YoY between January and April, reaching a value of EUR 14.0 billion, the National Support Centre for Agriculture (KOWR) reported. Poland exported most of its produce, 75%, to other EU countries in the first four months of the year. The value of shipments to the…