Two more Lithuania-based companies may be placed under administration due to EU sanctions on Russian, says the Financial Crime Investigation Service (FNTT). One company, the phosphate fertiliser producer Lifosa, has so far been the only company put under temporary administration after sanctions on its Russian owners threatened its operations. “The Finance Ministry has thus far…
The governor of Poland’s central bank has announced that Poland seems to be getting closer to the end of the monetary policy tightening cycle rather than to its beginning. “It cannot be ruled out that the Monetary Policy Council (RPP) will start cutting interest rates in the last quarter of 2023,” Adam Glapinski told reporters…
Samples of Lithuanian plant seeds were handed over to the Global Seed Vault in the Norwegian archipelago of Svalbard on June 9. The storage of duplicates will ensure that seeds could be retrieved and reproduced in Lithuania if necessary, according to the Environment Ministry. The Svalbard Seed Vault is the largest such facility in the…
The governor of NBP, Poland’s central bank, has said that the country’s economic growth will reach 4-4.5% in 2022. “The economy grew by 8.5% in Q1,” Adam Glapinski told reporters on June 9 and added that it “has been gradually slowing down and it is likely to stand at 4-4.5% at the end of the…
Apples, plums, grapes and other Moldovan agricultural products will soon reach European markets without customs duties. The European Commission has proposed a regulation due to allow the temporary improvement of the access to market for Moldova’s agricultural products. According to the government’s communication and protocol department, the measures suggested regard seven products for which the…
More than 220,000 Ukrainian women have found employment in Poland since Russia’s war on Ukraine started, the Polish family and social policy minister has said. “This is good news for our labour market, as all the meetings with employers clearly show that we need more hands on deck,” Marlena Malag said. She said that the…
A Georgian-Polish enterprise Delta WB will begin producing Georgia-made unmanned aerial vehicles until the end of the year, Defence Minister Juansher Burchuladze has said. During his address to MPs at the Parliament, the official said the enterprise, which had already been established, would also produce “suicide” and reconnaissance drones in the country. He further noted…