With inflation in Lithuania at its highest level in decades, up to 50% of the country’s population have cut back on spending, according to a new survey. Only around a fifth have not changed any consumption habits despite soaring prices, the survey conducted by Vilmorus for BNS suggests. The poll found that 40% of respondents…
Egypt is Poland’s prospective supplier of liquefied natural gas (LNG), Andrzej Duda, the Polish president, said during his visit to Cairo on May 30. While in Egypt, Duda held talks with his Egyptian counterpart, Abdul Fattah al-Sisi. “We believe Egypt is a very prospective partner and we absolutely support negotiations that are going on between…
Legal alcohol consumption in Lithuania rose last year, with adults consuming 12.1 litres of pure alcohol per capita in 2021, up by 0.7% YoY. Lithuania’s retailers and caterers sold 3.3 million decaliters of spirits (vodka, whiskey, brandy, etc.) last year, up by 11.8%, according to data by Statistics Lithuania. Wine and fermented beverage sales increased…
As many as 98% of Polish municipalities have received aid under the government’s Strategic Investment Programme, Mateusz Morawiecki, the prime minister, has said. According to Morawiecki, each of the municipalities benefiting from the programme has seen at least one project approved. “We need an economic model that is based on solidarity, one in which the…
The turnover of liquefied petrol gas importer LLC Intergaz was EUR 19.857 million in 2021, up by 64.4% YoY. However, the company’s profit decreased by 34.8%, to EUR 198,068. The annual account from the company indicated that last year Intergaz continued working on improving competitiveness and developing employees’ skills in management, project management and various…
Russia’s full-scale invasion of Ukraine has prompted economic sanctions as well as talk of terminating business in Russia, but the import of raw materials from Russia to Estonia is still in the process of winding down. According to involved parties, however, things are heading in that direction, with companies taking full advantage of contracts concluded…
Lithuania’s Laisves TV said on May 28 it had raised 5 million euros to buy a Bayraktar military drone for Ukraine. “Now we can really celebrate,” Andrius Tapinas, the host of Laisves TV and the initiator of the campaign, said during a live broadcast. He also thanked all people who contributed and donated money for…