The Lithuanian parliament decided to hold its final vote on the government’s 2023 budget on November 22 after debating the revised draft plan on November 17. The motion to set the date for the final vote passed in a vote of 66 to 14 with 33 abstentions. Mykolas Majauskas, chairman of the parliamentary Committee on…
The values that serve as criteria for defining the status of micro, small and medium enterprises (SMEs) have been amended. As a result, the number of companies registered as SMEs will increase by at least 805 companies. The changes provide for the doubling of turnover thresholds for the award of micro, small and medium enterprise…
PKP Intercity, Poland’s leading passenger railway service, carried a record number of passengers as of mid-November. Since January, PKP Intercity has serviced more than 50 million passengers, according to a statement released on November 17. This is the best result since 2019 when, in the same period, nearly 49 million people traveled on the carrier’s…
Lithuania’s national security is a key factor when deciding whether to hand over PzH 2000 howitzers and NASAMS air defence systems to Ukraine, President Gitanas Nauseda insists. “We will certainly do our best and we will continue to help Ukraine to the best of our abilities. However, I reiterate that defence must be ensured evenly…
Georgia received $2,854,529,093 from international tourism between January and October, with the figure surpassing pre-pandemic numbers from 2019 and hitting record-high markers this year, the Georgian national tourism administration announced on November 17. The administration said revenues from international tourism increased by 183.2% YoY. It also added the figures showed a 100.2% recovery from the…
Over the past two years, real estate prices in Lithuania have been rising faster than wages, which reduces the affordability of housing and may cause social problems, warns central bank chief Gediminas Simkus. “Housing is not just a piece of property, it is first and foremost a basic human need. It is the place where…
On November 15, Ukraine’s Khmelnytskyi Nuclear Power Plant (NPP) lost all access to the electricity grid due to military attacks in the country, forcing it to temporarily rely on diesel generators for back-up power. The relevant statement was made by International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi. “This was a very concerning…