TAV Georgia, the company operating Tbilisi and Batumi airports, said passenger traffic increased at both venues compared to 2021. Tbilisi airport serviced 332,999 passengers in October, up by 67% YoY and by 17% from the pre-pandemic figure from 2019, the company said. Batumi airport serviced 52,536 passengers, up by 17% and by 11% respectively. In…
Lithuanian and American scientists will carry out research into the transformation of Lithuania’s energy sector, the Lithuanian Energy Ministry has said. The Energy Agency has signed an agreement with the US National Renewable Energy Laboratory (NREL) on cooperation in conducting research in the field of renewable energy development. Under the agreement, Lithuanian and American scientists…
Gas supplies to Poland via the new Baltic Pipe have exceeded 60 million kWH per 24 hours, the Polish gas pipeline operator Gaz-System has announced. The pipeline links Poland to Norwegian gas field via Denmark and is a key component of Polish plans to diversify its energy supplies following the end of Russian imports due…
Inflation has stalled the renovation of apartment blocks in Lithuania. As construction costs increase, companies are unwilling to participate in undervalued tenders, while residents are not fond of paying more than initially planned. Mindaugas Gikas was one of the initiators of the renovation of a five-storey apartment block in Vilnius. He says he and his…
During the drafting of the state budget for 2023, a moderately conservative macroeconomic forecast scenario was applied by the Government team. It anticipates a GDP growth by 3.2%, inflation at 28% and the average annual dollar exchange rate at about UAH 42, Prime Minister Denys Shmyhal said during the Government’s session on November 4. “I…
The Verkhovna Rada of Ukraine has approved at second reading and in its entirety the law “On the State Budget of Ukraine for 2023”. A total of 295 MPs voted for the relevant document, the Telegram channel of MP Yaroslav Zhelezniak says. In 2023, state budget revenues are projected at UAH 1.3 trillion and expenditures…
Poland’s Gross Domestic Product (GDP) increased by 8.6% YoY in the first quarter and by 5.8 % in the second quarter, the Central Statistical Office (GUS) said on November 3. GUS adjusted the figures upwards from the previous estimates of 8.5% in Q1 and 5.5% in Q2. (The First News/Business World Magazine)