Lithuania’s energy dependence on Russia is one of the highest among the European countries, as it paid over 3 billion euros for Russian oil, gas and electricity last year. But Lithuania could easily renounce Russian gas and electricity, according to analysts. However, it would be more difficult to do the same with oil because the…
Minister of Finance of Ukraine Sergii Marchenko has met online with the financial leaders of the G7 countries, the International Monetary Fund and the World Bank. The parties discussed possible financial instruments of assistance to help strengthen Ukraine’s economic system, including an increase in the amount of support and the facilitation of procedures for the…
The European Commission asked for European Union member states’ support in connecting Ukraine’s electricity grid to the European grid, the commissioner for energy, Kadri Simson, Estonia’s representative, said. Ukraine decoupled from the Russian grid it had previously been connected to early February 24 morning and shortly before the commencement of the invasion by Russian forces.…
The Lithuanian Post (Lietuvos Pastas), Lithuania’s state-owned postal company, and PayPost, its network of financial services, have suspended the service of money transfers to and from Russia and Belarus. It will also suspend commercial, i.e. business customers’ parcel service to those countries on March 2. “We have decided to stop commercial shipments to Russia and…
A record number of cruise ships is expected at the port of Riga in 2022 – the reported 102 ship calls are signaling arrival of almost 109,000 sea cruise tourists at Riga during current cruise season, according to the port’s press center. “This year’s cruise ship schedule clearly indicates a positive recovery of the cruise…
The Order of the Ministry of Infrastructure and Regional Development (MIDR) on new tariffs for district and international road transport has entered into force. Thus, from March 1, two types of tariffs were introduced, depending on the category of transport. It is comfort I or comfort II. Or, the price is 0.10 lei per kilometer…
In 2021, Estonia’s economy grew by 5.2% compared to the pre-pandemic level, data from Statistics Estonia showed. In 2021 as a whole, the economy grew by 8.3%. Compared to 2019, the economy grew by 5.2%, thereby exceeding pre-pandemic levels. The GDP at current prices was EUR 8.7 billion. Robert Muursepp, leading analyst at Statistics Estonia,…