Lithuanian leaders say the country has the right to choose its economic partners, whether it is a state or a region, in response to Beijing’s announcement that it is severing transport ties with Lithuania following its deputy transport minister’s visit to Taiwan. President Gitanas Nauseda’s office said on August 16 that China’s decision to end…
Poland’s Gross Domestic Product (GDP) increased by 5.3% YoY in the second quarter of 2022, the Central Statistical Office (GUS) said in a flash estimate on August 17. Economists polled by PAP expected GDP to rise by 6% YoY. Quarter on quarter, Poland’s GDP fell by 2.3%. In the first quarter of 2022, the country’s…
Over the past week, banks issued UAH 1.2 billion of affordable loans to entrepreneurs. Since the beginning of the “5-7-9 Affordable Loans” program launch, businesses have received 46,400 loans for a total amount of UAH 135.9 billion. Entrepreneurs took the most anti-crisis loans – UAH 59.6 billion, and UAH 28.3 billion – resource for refinancing…
As part of the “grain initiative”, the Brave Commander bulk carrier left the Ukrainian port of Pivdennyi on the morning of August 16 with 23,000 tons of wheat for Ethiopia, the press service of the Ministry of Infrastructure reported on Facebook. “The ship Brave Commander with grain for Africa has left the Pivdennyi port. The…
Lithuania’s minimum monthly wage “should increase by between 15% and 19%” next year, Mykolas Majauskas, chairman of the parliamentary Committee on Budget and Finance, said on August 16. “Accordingly, the government should calculate how much the non-taxable personal income threshold should increase so as to somewhat ease the burden on businesses, because a minimum wage…
The State Road Administration (ASD) announced on August 16 that unauthorized construction works were identified on the national public road R6 Chisinau – Orhei – Balti. “Following the situation created on the route R6 Chisinau – Orhei – Balti, km 137+927 (right side), where an economic agent intervened on the construction site, ASD examined the…
The third and final stage of liberalisation of Lithuania’s retail electricity market will be delayed for at least a year, the country’s Energy Minister Dainius Kreivys said on August 16. “We will provide a specific figure later when we put the bill before the parliament. But the liberalisation delay period will be more than a…