The decision of the Government and President of Ukraine to send 50,000 tons of grain to Somalia and Ethiopia as humanitarian aid is a timely move, while Ukraine itself currently has enough grain to meet its own needs and help others, Minister of Agrarian Policy and Food Mykola Solskyi has said at a press conference…
The Lithuanian parliament Seimas on September 27 voted in favour of keeping the current zero VAT rate on district heating for two more heating seasons. The measure, proposed to mitigate a surge in heating bills, is estimated to cost over 110 million euros to the state. The amendments to the Law on Value Added Tax…
Prime Minister Natalia Gavrilita met on September 27 with Japan External Trade Organization (JETRO) Chairman Nobuhiko Sasaki in Tokyo. The parties approached issues on evolution of economic relations between the two states and considered the opportunities to expand commercial activities, noting the importance of strategic investments for the economic growth and the creation of well-paid…
From November, Brussels Airlines is discontinuing a direct connection between Vilnius and Brussels, which is home to all the main institutions of the European Union as well as a large Lithuanian community. The company says the suspension is temporary, but some aviation experts doubt it, warning that Vilnius may be left without a connection with…
Commercial banks in Georgia loaned GEL 43.21 billion ($15.3 billion) and received deposits of GEL 41.76 billion ($14.78 billion) in August, the latest data from the National Bank of Georgia showed. The volume of loans increased by 2.68% in August compared to the previous month, while the number of deposits increased by 7.74%. Last month,…
Dainius Kreivys, the conservative minister of energy, said that the biggest factor in the rise of electricity prices was the tenfold increase in the price of natural gas due to Russia’s “energy war against Europe”. Kreivys answered questions about energy prices and the government’s measures to contain them in the Lithuanian parliament, Seimas, in the…
The Polish government, at its September 26 sitting, approved the merger of Poland’s leading oil and gas company PKN Orlen with the country’s natural gas monopolist PGNiG, the government spokesperson said. In late July, the two companies agreed to a merger plan under which PGNiG shareholders would receive 0.0925 new shares in Orlen per one…