The National Bank of Georgia is keeping the refinancing rate unchanged at 11% following a meeting of its Monetary Policy Committee on May 11. The NBG explained that the Russian invasion of Ukraine had created “new risks” for the economy, leading to the decision of the Committee that makes decisions on changes to monetary policy…
In 2021, net profit of Lithuania’s Port of Klaipeda rose by 2.7% YoY, to EUR 36.3 million, according to the port’s authorities. The port’s revenues remained flat, at EUR 66.1 million. “Today, we are making every effort to attract new cargoes and we are working actively in the segment of wind energy, assembly and storage…
Poland should invest in improving productivity in order to maintain a high growth rate, the World Bank said in a report on May 11. The Polish economy’s growth rate has been one of the highest in the world over the past 30 years, the World Bank has said. However, in order for the country to…
Traveling by public transport in the capital could become more expensive from two to six lei. Chisinau mayor Ion Ceban made the statement at a press conference. He said he would propose new tariffs for approval to the city council. “I assume that it is not a popular decision, but it is necessary for the…
While construction of the temporary control line between Estonia and Russia is progressing as planned, the state will have to take increases in construction costs into account when building out successive stages of the border. The price of delay fencing alone has doubled, and procurement thereof has gotten increasingly difficult. The first, 23.5-kilometer section of…
“More and more external factors emerge and strike at the food industry. This industry is in a state of crisis. Food is becoming more expensive, and our local farmers and manufacturers are becoming weaker on domestic and international markets. The crisis has grown and the future is looking rather grim,” warns director general of Latvian…
In response to Russia’s ongoing war in Ukraine, the Lithuanian parliament adopted amendments to allow gun owners to buy night vision sights. Ninety lawmakers backed the proposed amendments to the Law on Control of Weapons and Ammunition, five voted against and ten abstained. The changes are set to come into force in July. Initiated by…