Lithuanian Customs is stepping up checks to monitor the execution of EU sanctions on Russia and Belarus. Shipments whose senders, receivers, carriers or customs intermediaries have already tried to circumvent the sanctions will be deemed high-risk and subjected to extra checks, the Customs Department said on August 25. “We see that the number of attempts…
Commercial banks in Georgia loaned GEL 42.09 billion ($14.85 billion) and received deposits of GEL 38.75 billion ($13.67billion) in July, the latest data from the National Bank of Georgia showed. The volume of loans decreased by 3.58% in July compared to the previous month, while the number of deposits increased by 1.27%. Last month, the…
Achema’s decision to temporarily stop its nitrogen fertiliser production was a better option than operating at a loss and eventually going bankrupt, Vidmantas Janulevicius, president of the Lithuanian Confederation of Industrialists, believes. Soaring energy prices may force more companies to follow in its footsteps, he adds. “No business wants to increase its losses, because sooner…
Georgian officials met World Bank Group representatives on August 25 to discuss current and future projects, as the parties were marking 30 years of partnership this year, the Ministry of Finance said. The meeting involved Finance Minister Lasha Khutsishvili with Sebastian Molineus, the World Bank Regional Director in the South Caucasus, and Miguel Eduardo Sanchez…
The minimum monthly wage should rise to 800 euros next year, Economy Minister Ausrine Armonaite says. At the same time, the tax-exempt income threshold should go up to 740 euros, she believes, splitting the burden of raising workers’ incomes between the government and employers. “We are basically proposing that the pre-tax minimum monthly wage could…
The National Agency for Food Safety (ANSA) announced on August 24 that an order on application of measures to marketing fresh imported fruits and vegetables entered into force. “Imported fresh fruits and vegetables, from which samples were taken for the determination of pesticide residues and nitrate content within the monitoring program approved annually by the…
Lithuanian border guards’ unions complain that they are armed with old unreliable Kalashnikovs and undersupplied with ammunition. In case of a foreign invasion, border guards say they would be the first line of defence. Shooting is an important part of border guards’ training and the main weapon is the pistol. However, border guards’ trade unions…