Russia’s war in Ukraine has fundamentally changed Rail Baltica’s function, making this project important not only for the region’s economy but also for its defence, Catherine Trautmann, the European coordinator of the North-Sea Baltic TEN-T Corridor, has said. Therefore, the European Commission has decided to finance up to 85% of the project’s costs, according to…
Mykolas Majauskas, Chairman of the Seimas Committee on Budget and Finance (BFK), announced on December 6 that he was stepping down from office after the no-confidence motion against him at the Lithuanian parliament. Over fifty MPs turned up for the secret ballot vote initiated by the opposition, while at least 71 votes were required to…
The Georgian Government’s economic team has prepared amendments to the Tax Code of the country with regards to fiscal and tax policy parts of the code that concern the financial sector, Finance Minister Lasha Khutsishvili has said. Khutsishvili said banking institutions, credit unions, microfinance organisations and lending entities would see the “classical model” of income…
During a meeting of European transport ministers in Brussels, participants agreed that all member states the railway network of which differed from the EU standard, had until 2025-2026 to develop a plan to transition to 1,435 mm. This applies to Latvia as well, as reported by Ministry of Transport. Latvia and other Baltic States still…
The European Commission has paved the way for EUR 3.85 billion to be invested in helping five of Poland’s coal-mining regions deal with the challenges of becoming carbon-neutral. Speaking in the southern city of Chorzow, which lies in the heartlands of Poland’s mining industry, Frans Timmermans, the EU’s climate policy chief, has said that the…
Kaufland Group continues to expand its store network in the Republic of Moldova and has opened its eighth store in the country. Located on 7 Kyiv Street in Chisinau, the new store will generate over 100 new jobs. In keeping with Kaufland’s international strategy, the company announced an investment in renewable energy and started equipping…
Works on eliminating the consequences of Russian missile attacks are underway in Kyiv region. NEC Ukrenergo power grid operator has introduced additional emergency shutdowns. Therefore, schedules of hourly power outages are currently not in effect in the region. Oleksiy Kuleba, head of the Kyiv Regional Military Administration, wrote this on Telegram. According to him, power…