LTG Cargo, the freight subsidiary of Lithuania’s state-owned railway group Lietuvos Gelezinkeliai (Lithuanian Railways, LTG), informed its customers on July 22 that it was resuming the transit of sanctioned goods between mainland Russia and its Kaliningrad exclave, in line with the European Commission’s guidance. “In accordance with the relevant EU Council Regulation and the EC…
The National Bank of Ukraine (NBU) sold $309.2 million and bought $223.22 million on the interbank foreign exchange market over the past week. Following foreign exchange interventions, between July 18 and July 24, the National Bank sold $309.2 million on the interbank foreign exchange market and bought $223.22 million. Since the start of 2022, the…
Each regional administration, whose territories were temporarily seized by Russian troops, created food reserves to provide local residents with food supplies as soon as such areas were liberated, the Agrarian Policy and Food Ministry reported. “Today, basic food packages and food reserves have been created at each regional military administration, whose territories are temporarily under…
The Lithuanian government should put forward a new package of anti-inflationary measures in autumn, but only after assessing the effectiveness of the measures adopted last spring, says Gediminas Simkus, board chairman of the Central Bank of Lithuania. He also stressed the need to maintain fiscal discipline, to avoid adding more fuel to inflation and to…
Trade and economic relations between Georgia and China were discussed at a meeting of the Georgian Prime Minister Irakli Garibasvhili and Zhou Qian, the newly appointed Ambassador of China to Georgia. The Government Administration said the PM had told the diplomat he hoped the “fruitful” cooperation between the two states would continue, as the parties…
Since the 1990s, Russian citizens have invested almost 300 million euros in Lithuania, with the largest share having gone into real estate. Liberal MP Raimundas Lopata has now proposed that Russian citizens be banned from investing in the country, while Lithuanian firms be barred from doing business in Russia. Lopata, a representative of the Liberal…
The Sejm, the lower house of parliament, on July 22 passed the government’s 2021 budget report and execution of the budget in a 228 to 216 vote with one abstention. According to the report, budget revenues for 2021 came to PLN 494.8 billion (EUR 103.6 billion) against a planned PLN 482.9 billion (EUR 101.1 billion),…