The diplomatic spat between Vilnius and Beijing over Lithuania’s ties with Taiwan is hurting the country’s tech industry. Sector representatives say that unless the situation changes, firms may need to relocate elsewhere. “The situation has finally become clear. The foreign minister has said quite bluntly that the situation with China and the European Union will…
When summarizing forecasts of stevedoring companies and evaluating global trends and economic processes in the industry, an increase by 5-6% in cargo turnover is planned for the Port of Riga this year; and the total cargo turnover will reach 22.8 million tons this year, says Freeport of Riga Authority. In 2022, an increase in grain…
The Embassy of the Republic of Korea in Ukraine expressed interest in the Ukrainian-Korean cooperation in the field of space exploration and agreed to continue the partnership with the State Space Agency of Ukraine (SSAU). This was discussed during a meeting between SSAU Head Volodymyr Taftai and the delegation of the Embassy of the Republic…
63% of domestic startups are focused on the market of the entire Ukraine, 24% – on the local market and 12% of newly created companies – on the foreign market. Such data from research by the Polish-Ukrainian Startup Bridge program on the Ukrainian startup industry were announced by Yaroslav Khariy, the program’s partner in Ukraine,…
On January 19, Lithuanian President Gitanas Nauseda said he was ready to initiate support measures for firms affected by China’s sanctions. “We talked about tax policy changes that would help businesses in the current situation: possible amendments to the corporate tax system,” Nauseda told reporters, adding that his office “is ready to initiate such measures…
JSC Latvenergo has signed two short-term loan provision contracts to secure current assets and maintain liquidity. The loan amounts reach EUR 90 million, as the company informed Nasdaq Riga. Latvenergo and OP Corporate Bank plc in Latvia have signed a short-term loan contract worth EUR 60 million and a loan contract with SEB Bank worth…
Estonia’s hoteliers and caterers are searching for at least 1,500 workers before the start of this year’s summer season. These sectors were the most affected by coronavirus restrictions with many businesses making staff redundant. There are currently more than 700 job offers in hospitality on the website CV Keskus, marketing manager Henry Auvaart has said,…