The Lithuanian cabinet decided on January 4 to allocate up to 556.8 million euros of borrowed funds to the Finance Ministry for electricity and natural gas compensations. Up to 174 million euros will go to subsidising electricity prices for businesses from January through March, and up to 382.8 million euros to partially cover electricity and…
Poland’s fuel prices are among the lowest in the EU, the government spokesperson has said responding to opposition claims that fuel prices are being inflated. On January 3, the main opposition party, Civic Platform (PO), accused the state-owned fuel corporation PKN Orlen of unnecessarily raising fuel prices. According to PO, the hike in prices cost…
Following Moscow’s invasion of Ukraine, only slightly more than half of the Lithuanian companies exporting to Russia have severed business ties with the aggressor state, according to the State Data Agency. The latest data showed that more than 260 Lithuanian companies were still exporting to the aggressor country – around half of those that were…
Receipts to the National Public Budget, administered by the State Fiscal Service (SFS), amounted to 55 billion lei (2.75 billion euros) last year, up by 7.7 billion lei or by 16.4% YoY. According to SFS, 23.8 billion lei were collected to the state budget in 2022, up by 18.6%. “The local budgets recorded receipts in…
Lithuania will seek that NATO member countries agree at July’s summit in Vilnius to spend at least 2% of their GDP on defence, according to a presidential adviser. “One of Lithuania’s objectives is that the NATO summit agree on and confirm the so-called Vilnius commitment on defence investment of at least 2%,” Kestutis Budrys, the…
Successfully completing the heating season, repairing the damage caused by the russian barbarians, ensuring the uninterrupted operation of critical infrastructure, strengthening the security of energy facilities, especially nuclear power plants is a mandatory minimum program, Prime Minister Denys Shmyhal stressed during the Government session on January 3. “Plans for energy decarbonization and green transformation remain…
Ukrainian President Volodymyr Zelensky and European Commission President Ursula von der Leyen have discussed financial support for Ukraine during a phone call, including the possibility of Ukraine receiving the first tranche of macro-financial assistance in January. “Today I spoke with President of the European Commission Ursula von der Leyen. I am glad that the first…