While Estonia’s economy shrank by 2.1% YoY in the first quarter, Lithuania’s economy grew by 2.9%, according to the flash estimate. The growth was driven by both general confidence and government investment, Tonu Mertsina, chief economist at Swedbank, told ERR radio. While Lithuania’s growth was also due to the low base of comparison from a…
Russian ballistic missiles have damaged half of Ukraine’s energy system, but the country continues to run the war effort. The relevant statement was made by Ukrainian Foreign Affairs Minister Dmytro Kuleba in an interview with Foreign Policy. According to Kuleba, the passage of the U.S. aid package was definitely a boost for morale among Ukrainian…
“In each of the priority sectors, we have specific projects that we are ready to offer to foreign investors and we do so consistently. We are already seeing not just interest, but real investments. According to the National Bank, foreign investors injected $4.25 billion into Ukraine’s economy last year. This shows that despite the war,…
Citizens will pay less for gas. The National Agency for Energy Regulation (ANRE) on May 2 approved the price drop. Thus, domestic consumers will pay a tariff of 12.15 lei (excluding VAT) per one cubic meter of gas, 1.24 lei less than now. According to the decision, “ANRE found the existence of objective factors that…
The Polish public prosecutor’s office has launched an investigation into the Swiss subsidiary of Poland’s energy giant Orlen, which has lost more than 1.5 billion zloty on prepayments for oil made without collateral. The prosecutor’s office also announced that it had conducted searches of the homes of Orlen board members, including former long-time CEO Daniel…
The Ministry of Economy of Ukraine and the Kyiv School of Economics organized a roundtable discussion “Business Development as the Main Driver of Ukraine’s Economic Recovery” on financing instruments for the development of Ukrainian business. During the event, Deputy Minister of Economy of Ukraine Volodymyr Kuzio spoke about new opportunities to attract investment under the…
Attracting macro-financial assistance from the European Union, the United States and other countries enables Ukraine to pay social benefits and implement other social projects on time and in full. This was emphasised by Prime Minister Denys Shmyhal at a Government session on April 30. “In April, the state paid UAH 60.5 billion in pensions and…