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Latvia: Ventspils Freeport’s sector-oriented investment strategy receives international recognition

LatviaBy admin 2025-10-17 Leave a comment

Each year, the UK-based international investment publication fDi Intelligence releases its “Global Free Zones of the Year” report, evaluating the performance and impact of special economic zones (SEZs) around the world across multiple categories. In this year’s edition, the Ventspils Freeport Authority was highlighted and received special recognition for its sector-oriented investment attraction strategy. The…

Ukraine: Ukrenergo is not planning to introduce scheduled power outages for households

UkraineBy admin 2025-10-17 Leave a comment

Ukraine’s national power grid operator Ukrenergo currently has no plans to introduce scheduled hourly power outages for households. The company’s CEO, Vitalii Zaichenko, said that the ongoing emergency power cuts were the result of Russian attacks on Ukraine’s energy system and insufficient electricity imports from Europe due to high market prices there. “At the moment,…

Ukraine: Prime Minister Yulia Svyrydenko meets with President of U.S. EXIM Bank

UkraineBy admin 2025-10-16 Leave a comment

Ukrainian Prime Minister Yulia Svyrydenko and her Government team met with John Jovanovic, President of the U.S. Export-Import Bank, in Washington, D.C. “We continued developing our business cooperation track with the United States during a meeting with the newly appointed President of the U.S. EXIM Bank, John Jovanovic. I appreciate his attention to Ukraine. It…

Latvia: international producer Froneri acquires Food Union’s ice cream business

LatviaBy admin 2025-10-16 Leave a comment

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: budget deficit reaches 0.8% of GDP in August 2025

EstoniaBy admin 2025-10-16 Leave a comment

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…

Lithuania: country plans “record” 5.38% of GDP for defence spending in 2026

LithuaniaBy admin 2025-10-16 Leave a comment

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…

Ukraine: farmers pay UAH 1.19 billion for use of state land