Estonia, Latvia, and Lithuania on March 18 announced a joint procurement for ordering regional trains for Rail Baltic. However, uncertainty remains over when the railway will be completed. The tender from the three countries’ train operators specifies that the first trains must be delivered until 2029 and enter service until the end of 2030. Latvia…
A total of 58 flights have been cancelled at Vilnius Airport between February 28 and March 17 due to the conflict in the Middle East, Lithuanian Airports reports. According to spokesman Martynas Jaugelavicius, the disruptions affected routes operated by airBaltic and flydubai between Vilnius and Dubai, as well as Wizz Air flights between Vilnius and…
The Prime Minister of Ukraine Yulia Svyrydenko welcomed a decision of Norway to provide $200 million in budget support for Ukraine through the World Bank’s PEACE project. “We are sincerely grateful for this timely contribution towards Ukraine’s macro-financial stability and the uninterrupted functioning of essential public services, and effort reflecting Norway’s principled leadership and steadfast…
As part of the “Made in Ukraine| policy to support Ukrainian manufacturers, 154 grants have been approved for entrepreneurs. 140 are for industrialists to purchase production equipment, and 14 are for farms to establish orchards and greenhouses. Applications are still being accepted. This was announced by Ukrainian Prime Minister Yulia Svyrydenko. “This year, manufacturers have…
Bulgarian National Bank received the “Individual or Organization That Contributed to Limiting and Preventing the Informal Economy Through an Active Position” award in the national “Bright Economy” competition, organized by the Industrial Capital Association in Bulgaria. The award was given for the effective management of the euro adoption process in Bulgaria. The nomination justification states…
Slovakia faces its weakest economic growth outlook in years, according to a new forecast that paints a notably bleaker picture than other domestic institutions. The Slovak Academy of Sciences (SAV) said in its spring projection that the country’s economy was expected to expand by just 0.5% in 2026. That would mark the slowest pace of…
Lithuania’s Energy Minister has ordered Orlen Lietuva, the Baltic States’ only oil refining and import company controlled by Poland’s Orlen, to reduce its oil reserves by 80,000 tons and immediately supply that amount to the market. The Energy Ministry said on March 17 the decision was taken in response to disruptions in the global oil…