Ukraine: monthly budget deficit at $5 billion

The monthly budget deficit of Ukraine amounts to $5 billion.That’s according to President of Ukraine, Volodymyr Zelensky, who raised the issue during a Q&A with Chile’s university community. “We really want our economy to recover. Today we’re suffering. We’re $5 billion short every month. I mean we’ve such a major deficit,” Zelensky said, noting that…

Poland: button mushrooms exports up in 2021

Nearly one out of every three button mushrooms exported globally comes from Poland, a study carried out by the Polish Economic Institute (PIE), a government think-tank, has found. According to the PIE study, in 2021, Poland had a 32% share in the global export of button mushrooms, making it the world leader in this category.…

Lithuania: Russia to pay for Kaliningrad transit shipments via foreign banks

Russian and Belarusian companies could use foreign-based banks, among other ways, to pay Lietuvos Gelezinkeliai (Lithuanian Railways, LTG) for transit shipments via Lithuania to Kaliningrad, Transport Minister Marius Skuodis has said. “I can neither confirm nor deny that Siauliu Bankas is the only bank processing payments for transit shipments, but what is very important is…

Lithuania: two power plants switched on following electricity shortage in Baltic States

Following the electricity shortage on the Baltic electricity exchange on August 16, the Lithuanian power grid operator Litgrid activated additional reserves, with the Panevezys and Elektrenai power plants starting to generate electricity on August 17. “Litgrid activated the Panevezys power plant from its cold state, as well as the additional reserve capacity in the combined…

Moldova: USA government to grant $63 million

The Head of Mission of the US Agency for International Development (USAID) Moldova, Scott Hocklander, and Minister of Finance Dumitru Budianschi signed Amendments to the 2016 Assistance Agreements, supplementing the USAID budget for development programs in the Republic of Moldova with an additional amount of $63 million. The funds are offered by USAID to support…