The Ministry of Finance of Ukraine has updated the Procedure for the Application of the Common Reporting Standard and Due Diligence of Financial Account Information (CRS). The standard takes into account the development of the modern financial system, in particular, the spread of electronic money, central bank digital currencies and financial instruments related to virtual…
Lithuanian President Gitanas Nauseda has proposed a new model for fixed-term work permits for foreigners and submitted legislative amendments to parliament. The President’s Office said on June 29 that the head of state aimed to improve migration management while addressing labour shortages in the national economy. Nauseda said Lithuania needed “well-managed, legal and efficient migration”…
Porsche is considering relocating Cayenne SUV production from Slovakia to its Leipzig plant in Germany. The potential move, first reported by the Frankfurter Allgemeine Zeitung (FAZ), would increase utilisation at the Leipzig factory as Volkswagen Group pursues a broader restructuring programme. According to the newspaper, the transfer would depend on workers in Leipzig accepting lower…
Deputy Minister of Finance of Ukraine Olga Zykova participated in the Ukraine Recovery Conference 2026 (URC 2026), held in Gdansk on June 24-26. She spoke at the panel discussion “Recovery Despite the War – Future in the Making”, dedicated to the strategic vision for Ukraine’s recovery and reconstruction amid the full-scale war. The event brought…
The Minister of Finance of Ukraine Sergii Marchenko held bilateral meetings with Chancellor of the Exchequer of the United Kingdom Rachel Reeves and Minister of Finance of Lithuania Kristupas Vaitiekunas. The meetings took place on the sidelines of the Ukraine Recovery Conference 2026, held in Gdansk on June 25-26. The meetings were also attended by…
Independent bookstores are disappearing across Lithuania’s regions, as consumers increasingly buy books online or at large retail chains, leaving many small-town shops struggling to remain viable. To stay afloat, some municipally owned bookstores are expanding beyond books, stocking everything from handbags and scarves to household and cosmetic products. “At our store, we sell Lithuania-made handbags…
Ameriabank and the OPEC Fund for International Development (The OPEC Fund) have signed a $50-million loan agreement. The agreement was signed during OPEC Fund Development Forum 2026 in Vienna, which also marked the 50th anniversary of the institution. The raised funds will be used for financing of small and medium enterprises (SMEs) in Armenia, enabling…