Lithuania: opposition group challenges energy minister over “negligence” during electricity market reforms

The Social Democratic Party’s (LSDP) representatives in the Lithuanian parliament are launching an interpellation procedure against Energy Minister Dainius Kreivys over what they say is a mishandled electricity supply reform and failure to respond to the surge in energy prices. The group says the minister will be asked to provide answers regarding “negligent attitude towards…

Ukraine: seven more ships with grain leave ports

On September 13, seven more vessels loaded with Ukraine-produced agricultural crops left Odesa Port, Chornomorsk Port and Pivdennyi Port via the “grain corridor”. The relevant statement was made by Turkiye’s National Defense Ministry on Twitter. “As part of grain shipments, this morning seven more vessels loaded with grain have departed from Ukrainian ports,” the report…

Lithuania: 2022 GDP growth forecast retained

The Lithuanian Finance Ministry has kept the country’s annual GDP growth forecast for 2022 unchanged at 1.6% despite slower growth in the second half of the year. The ministry has also revised its GDP growth forecast for 2023 to 1.4%, down from its earlier estimate of 2.1%, according to the latest macroeconomic projections published on…

Georgia: PM promises reduction of foreign debt and budget deficit through “unprecedented” economic growth

Georgian Prime Minister Irakli Garibashvili on September 12 announced amendments to the country’s budget bill to reduce its foreign debt to 40% of the gross domestic product, and budget deficit to 3.2% of the GDP, crediting the “unprecedented, double-digit” economic growth for enabling the moves. Speaking during the cabinet meeting, the Government head said the…