Lithuania’s annual harmonized inflation rate reached 3.7% in September, exceeding the European Union average, the EU statistics agency Eurostat reported on October 17. Among the Baltic States, Latvia recorded a 4.2% annual increase in consumer prices, while Estonia’s inflation was the highest at 5.3%. Month over month, prices in Lithuania rose by 0.4%, in Latvia…
Ukrainian President Volodymyr Zelensky has met with U.S. Secretary of Energy Chris Wright to discuss joint projects. Zelensky said this in a post on Facebook seen by Ukrinform. “During my meeting with Secretary of the U.S. Department of Energy Chris Wright, we discussed in detail energy capacities and potential projects for partnership in the energy…
Deputy Minister of Economy, Environment and Agriculture of Ukraine Pavlo Kartashov held a meeting in Kyiv with a French business delegation organised on the initiative of Business France, with the participation of UkraineInvest Executive Director Maryna Khlystun. They discussed the participation of French companies in post-war reconstruction projects and new opportunities for investment cooperation. The…
The Estonian Chamber of Commerce and Industry (EKTK) wants to cut the national minimum paid vacation from 28 calendar to 20 working days, arguing the current system is unfair. In a letter to Minister of the Economy and Industry Erkki Keldo (Reform), the chamber said the Employment Contracts Act set a national minimum of 28…
The Lithuanian government on October 16 approved the Finance Ministry’s draft budget for 2026, which included a significant increase in spending and a record allocation for defence, before submitting it to the Seimas, the parliament, for debate. Finance Minister Kristupas Vaitiekunas said Lithuania’s strong revenue growth this year allowed the government to boost expenditures while…
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’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,…