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Author Archives: admin

Baltic States: Lithuania completes cross-border gas interconnection improvement project

BalticsBy admin2022-12-09Leave a comment

On December 7, work on improving Lithuanian-Latvian gas interconnection was completed in Lithuania’s Pasvalys district, as confirmed by Lithuanian gas system operator Amber Grid. Amber Grid noted the project was completed ahead of schedule, and now it was possible to transport 90 GWh of gas using the pipeline, which was 30% more than was possible…

Lithuania: EU replaces EUR 125 million of grants with loans

LithuaniaBy admin2022-12-09Leave a comment

The amount of grants available to Lithuania under the EU’s Recovery and Resilience Facility (RRF) is being cut by 125 million euros, but the government will be able to borrow the same amount, Finance Minister Gintare Skaiste said on December 7. “The grant part of the New Generation Lithuania plan was linked to economic indicators,”…

Baltic States: Latvia and Estonia only EU countries with GDP drop in Q3 2022

BalticsBy admin2022-12-09Leave a comment

In Q3, Latvia was one of two countries in the European Union (EU) in which a GDP drop was observed, according to data published by Eurostat on December 7. According to seasonally adjusted data, Latvia’s GDP dropped by 0.4% YoY. An even bigger drop was observed in Estonia – 2.3%. In Lithuania, however, GDP increased…

Poland: monetary council keeps interest rates unchanged

PolandBy admin2022-12-09Leave a comment

The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%. The National Bank of Poland’s Lombard rate remained at 7.25%, the rediscount rate at 6.80% and the discount rate at 6.85%, the RPP announced after its sitting on December 7. The RPP also left the deposit…

Lithuania: Vilnius public transport strike enters 4th day

LithuaniaBy admin2022-12-09Leave a comment

The public transport drivers’ strike in Vilnius entered its fourth day on December 8 after Vilniaus Viesasis Transportas (Vilnius Public Transport, VVT) and the municipal company’s trade union failed to make progress in talks. “The strike continues, and given the company’s actions, it will continue next week,” Algirdas Markevicius, president of the VVT trade union,…

Ukraine: nearly 3,000 unemployed involved in “Army of Recovery”

UkraineBy admin2022-12-09Leave a comment

Almost 3,000 unemployed people are involved in performing public works in seven regions under the Army of Recovery project. This was announced by First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko on the air of the National TV Marathon. “The Government offers Ukrainians who have lost their jobs but are willing…

Ukraine: Parliament regularly submits amendments to state budget to finance Defense Ministry

UkraineBy admin2022-12-08Leave a comment

The Verkhovna Rada, Ukraine’s parliament, has regularly submitted amendments to the state budget to finance the Ministry of Defense over the past nine months of the war, Deputy Minister of Defense Hanna Maliar has said at a briefing at the Military Media Center. “In order for the Ministry of Defense to be able to finance…

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