Lithuanian arms and ammunition manufacturers are urging the government to order more locally produced weapons, arguing that excessive bureaucracy and a preference for Western suppliers are stifling the country’s defence industry. Domestic producers say that while Lithuania increasingly tests its homegrown weapons in Ukraine, the government remains focused on attracting large foreign defence companies to…
The Lithuanian economy is growing faster than the Estonian economy, and the Lithuanian government has been bolder in stimulating the economy with tax reliefs, according to a new report by the Foresight Center, an independent think tank based at the Riigikogu. In the last three years, the Lithuanian economy has grown faster than the Estonian…
Germany is contributing EUR 60 million to the Ukraine Energy Support Fund to strengthen the resilience of our critical infrastructure. The funding will help speed up the delivery of generators, energy equipment, and mobile thermal power plants. Prime Minister of Ukraine Yulia Svyrydenko thanked German Minister for Energy, Katherina Reiche, for this decision at a…
From 2023 to 2025, more new companies and sole proprietors (SPEs) will be registered in the logistics and transport sector in Ukraine than will be closed, although the trend is uneven. This is according to data from the YC.Market analytics system. As of early October, the total number of companies and SPEs in the logistics…
While the leaves may still not have fully fallen from the trees, so far as festive food producers go, it is already Christmas, let alone Halloween. Preparations have already long been underway in the background – in the case of artisan chocolate makers Chocokoo, since summer. “As soon as Halloween is over, it’s only Christmas…
Ignitis Renewables, a subsidiary of Lithuania’s state-owned energy group Ignitis Group, has suspended two renewable energy projects in Latvia following decisions by the Latvian government. According to the report, the projects – located in the Kraslava municipality near the Belarusian border and in Ludza, which bordered Russia – were halted after Latvia’s Defence Ministry drew…
Slovakia is on the verge of becoming a net exporter of electricity, yet its businesses continue to pay among the highest prices in Europe. The launch of a third reactor at the Mochovce nuclear power plant has made the country almost self-sufficient, with a fourth unit due online next year. Last year, nearly 61% of…