On December 14, the Lithuanian government approved electricity and natural gas price subsidies for household consumers in the first half of 2023. The scheme provides for covering up to 28.5 euro cents per kilowatt-hour (kWh) of electricity and 99 cents per cubic meter of gas, up from 9 cents and 54 cents, respectively. The threshold…
Poland’s current account deficit fell to EUR 549 million at the end of October, against a deficit of EUR 1.56 billion recorded at the end of September, according to central bank figures released on December 14. Market analysts expected the deficit to amount to EUR 800 million. Poland recorded a EUR 2.28-billion deficit in the…
Ukrainians will be able to use public transport in Vilnius for free next year after the local council has extended the scheme until 2024. “The issue is quite obvious. Can we agree on this unanimously? Thank you,” Vilnius Mayor Remigijus Simasius told the members of the Vilnius City Council. In 2023, people who fled Ukraine…
The French Development Agency (AFD) will support the energy sector in the Republic of Moldova in the coming years, French Ambassador to Chisinau Graham Paul has said. According to the official, until the end of the year, AFD will grant the country 60 million euros as a public policy loan in support of the strategic…
About 1.28 million Georgian citizens aged 15 and above made 1.47 million monthly visits within the country in the third quarter of 2022 and spent GEL 346.3 million (about $130.44 million), the latest data published by the National Statistics Office of Georgia showed. The figures showed the monthly average number of visitors decreased by 6.7%…
Until 2030, a quarter of Lithuania’s electricity consumption should be generated by a wind farm in the Baltic Sea. Scientists are carrying out studies on how the park would affect the environment. Lithuania’s first offshore wind farm with a capacity of 700 megawatts will be built in Palanga, 30 kilometres off the coast. “The plan…
Meat producer HKScan will sell its Baltic subsidiaries to Estonia’s AS Maag Grupp for EUR 90 million, the company has announced. The transaction will likely close in the second half of 2023 and is subject to regulatory approvals in Estonia and Latvia. “The sale of the Baltic business will improve HKScan’s profitability and strengthen its…