The Lithuanian government will provide partial compensation to customers of Perlas Energija, an independent electricity supplier, after its announcement of the suspension of operations, Energy Minister Danius Kreivys has said. “Perlas Energija consumers from the first and second electricity market liberalisation phase can choose another electricity supplier, and they should do it until September 1,”…
Ukraine and the United Kingdom have updated the Political, Free Trade and Strategic Partnership Agreement and approved the simplification of access to the public procurement market, the Ministry of Economy of Ukraine reported. “Ukraine’s First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko and British Ambassador to Ukraine Melinda Simmons signed Annex II to the…
The monthly budget deficit of Ukraine amounts to $5 billion.That’s according to President of Ukraine, Volodymyr Zelensky, who raised the issue during a Q&A with Chile’s university community. “We really want our economy to recover. Today we’re suffering. We’re $5 billion short every month. I mean we’ve such a major deficit,” Zelensky said, noting that…
Nearly one out of every three button mushrooms exported globally comes from Poland, a study carried out by the Polish Economic Institute (PIE), a government think-tank, has found. According to the PIE study, in 2021, Poland had a 32% share in the global export of button mushrooms, making it the world leader in this category.…
Russian and Belarusian companies could use foreign-based banks, among other ways, to pay Lietuvos Gelezinkeliai (Lithuanian Railways, LTG) for transit shipments via Lithuania to Kaliningrad, Transport Minister Marius Skuodis has said. “I can neither confirm nor deny that Siauliu Bankas is the only bank processing payments for transit shipments, but what is very important is…
Almost 40% of Poles regard the situation in Ukraine as a great threat to the Polish economy, the Central Statistical Office (GUS) has reported. In an August study, GUS found out that 39.8% of respondents to a poll said the threat to the economy was great, 37.3% thought it was average, while 18.5% indicated it…
Following the electricity shortage on the Baltic electricity exchange on August 16, the Lithuanian power grid operator Litgrid activated additional reserves, with the Panevezys and Elektrenai power plants starting to generate electricity on August 17. “Litgrid activated the Panevezys power plant from its cold state, as well as the additional reserve capacity in the combined…