Defense Minister Arvydas Anusauskas said he would propose to increase Lithuania’s defense budget this year amid worries of Russia’s aggression against Ukraine. “I suggest adjusting this year’s budget,” Anusauskas said after reports that Russia was not pulling back troops from Belarus after the conclusion of military drills. He said additional funding would be used to…
Swiss Air has suspended flights to the city of Kyiv from Monday amid growing fears of a Russian invasion, BBC reports. The airline has suspended its flights to Kyiv from February 21 up to and including February 28. “The safety of our passengers and crew members has top priority at all times. The affected customers…
The Verkhovna Rada of Ukraine passed a law on the legal regulation of virtual assets, taking into account the proposals of President Volodymyr Zelensky. The relevant bill (No. 3637) was approved by a total of 272 MPs. The document defines the legal regime of virtual assets, market participants of virtual assets, their rights and obligations,…
The unemployment rate in Georgia decreased by 1.4% YoY in the fourth quarter of 2021, amounting to 19%, the National Statistics Office of Georgia (Geostat) announced. In urban areas, the unemployment rate reduced by 2.1% and in rural areas by 0.2%. The economic activity rate, or the percentage of the country’s population that is able…
The average interest rate of householders’ term deposits stood at 0.29% in the fourth quarter of 2021, down from 0.9% a year earlier, while average interest rates on consumer loads to householders fell over the same time period, from 19.9% to 17.5%, the Bank of Estonia (Eesti Pank) said. The average interest rate on long-term…
The MPs have made amendments to the law on oil products’ market, Fiscal Code and Contravention Code. The draft provides for the introduction of a temporary moratorium on the construction of fuel supply stations, taking into account that the excessively high number stations leads to increasing expenses and to a bigger pressure on the pump…
Lithuania has come in second in the Financial Times’ latest ranking of Europe’s financially and economically advanced and entrepreneurial cities. Vilnius was assessed in the general category of medium-size cities as part of the ranking, the Lithuanian capital’s development agency Go Vilnius said. Produced by the Financial Times’ investment arm fDi Intelligence, the European Cities…