The international ice cream producer Froneri has signed an agreement to acquire the ice cream business of the dairy group Food Union in Europe, including its ice cream operations in Latvia, the company has announced. Specific financial details of the transaction have not been disclosed. The proposed deal – which is still subject to approval…
Estonia’s general government budget deficit stood at EUR 342 million as of the end of August, the Ministry of Finance has said. This represented 0.8% of expected annual GDP – a fall of EUR 207 million. As of the end of August, central government – meaning mainly the state budget – had a deficit of…
Prime Minister Inga Ruginiene says that Lithuania plans to allocate 5.38% of its GDP to the military in its 2026 state budget. “Defence spending in the 2026 budget will reach 5.38% of GDP. This is a record amount,” Ruginiene told reporters after a Cabinet meeting on October 15. Finance Minister Kristupas Vaitiekunas said defence funding…
Over the first year of the Land Bank project, farmers paid UAH 1.19 billion including VAT for the use of state-owned agricultural land. Through open online auctions in the Prozorro.Sale system, 62,194 hectares – previously in the shadow economy – were transferred into lawful use. “The Land Bank is an example of how transparent and…
The Cabinet of Ministers of Ukraine has set new gas prices for electricity generation, effective through March 31, 2026. The changes are outlined in government resolution No. 1306 dated October 10. Under the new pricing structure, combined heat and power plants (CHPPs) operating in a cogeneration cycle will pay UAH 21,000 per 1,000 cubic meters…
Lithuania’s airports will offer more than 80 flight routes during the upcoming aviation winter season, including a new connection from Vilnius to the Finnish city of Turku, officials have announced. Hungarian carrier Wizz Air will begin operating flights from Vilnius to Turku on December 12, while flydubai will launch thrice-weekly flights from Vilnius to Dubai…
This summer, Norwegian Air revived a long-dormant route that once connected Bratislava with Copenhagen after more than a decade. From late June to mid-August, the low-cost airline operated two weekly flights on Tuesdays and Saturdays during the peak summer season, using Boeing 737-800 and Boeing 737-800 MAX aircraft with capacities of 186 and 189 passengers,…