Amid rising inflation, the economies of Lithuania and other countries in the world may grow slower than earlier thought, according to the latest assessment by the International Monetary Fund (IMF). The IMF expects Lithuania’s GDP to grow by 1.8% this year and by 1.1% in 2023. While the forecast for 2022 remains unchanged from the…
From October 11, Ukraine suspended electricity exports in order to stabilize its energy system, the Ministry of Energy said this in a statement posted on its Facebook page. “The October 10 missile attacks, which affected the thermal power generation and electrical substations, force Ukraine to suspend electricity exports from October 11 in order to stabilize…
In Ternopil region, sugar beet harvesting has been slowed down due to unfavorable weather conditions. But agrarians are actively delivering the harvested sugar beets to sugar factories. More than 200,000 tons of raw materials have been received for sugar production since the beginning of the season, and there are enough raw materials for the factories…
The Georgian government on October 10 held a meeting led by prime minister Irakli Garibashvili to discuss a range of topics, including approval of the 2022-2028 strategy for the development of the capital market of Georgia and the related action plan. The government administration said the strategy would contribute to the “uniformity of the country’s…
Lithuania has received 138,200 doses of an Omicron-adapted coronavirus vaccine, the Health Ministry reports. The vaccine targeting the BA.4 and BA.5 coronavirus sub-variants will be used for the first or second booster shots, with producers expected to deliver more than half a million adapted vaccine doses in October. The second booster shot of the vaccine…
On October 3-9, the Customs Service collected over 829.6 million lei (about 41.4 million euros) to the state budget, up by 16.4% YoY. According to the Customs Service, private people brought goods with value in customs exceeding the non-taxable limit, and payments amounting to over 18.8 million lei were collected, which represented 2.3% of the…
A proposal to oblige supermarket chains to donate food that is no longer fit for sale has emerged in the Lithuanian parliament. Although it would help more people in need, charities say they do not have the capacity to collect it all. Last week, MP Tomas Tomilinas registered a proposal that supermarkets should be obliged…