The reason Estonia’s economy is in a comparatively worse state next to Latvia and Lithuania is that it is more sensitive to interest rate changes, Luminor Bank economist Professor Lenno Uuskula has said in an interview given to “Aktuaalne kaamera”. – Why is it the case that while Latvia and Lithuania’s economies are growing, ours…
“We want every locality in Moldova to have a good standard of living,” Head of state Maia Sandu said unveiling the results of the European Village programme in Stefan Voda district. “About 100 children have better conditions at the kindergarten in Stefanesti, an investment of over one million lei. More than 1,000 residents of Volintiri…
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…