Growing exports to the Indo-Pacific countries are offsetting a decline in exports to China, the Foreign Ministry has said citing statistics. “Proactive economic diplomacy and the development of a network of diplomatic missions and representatives contribute to the overall goal of diversifying trade and increasing economic resilience. The total volume of Lithuanian exports to the…
The Republic of Moldova will benefit from additional funding of $63 million from the Government of the United States of America (USA) as a grant under the two agreements signed by the Government of the Republic of Moldova and the Government of the USA on September 28, 2016. The government approved the projects regarding the…
Amid regional uncertainties, Lithuanians are stocking up gold bars and coins. The head of the mint says it is often the case that investments flock to gold during crises. The only mint in the Baltic States has few gold products left in its shop, just a few gold-plated angels, coins and gold bars. “People joke…
Prime Minister Denys Shmyhal announced that Ukraine’s international creditors agreed to suspend external debt payments until 2024, which would provide an opportunity to save nearly $6 billion. In a post on his Telegram channel, Shmyhal wrote: “Creditors of Ukraine’s foreign debt agreed to postpone payments until 2024, with a possible extension for another year. Thank…
In July, Ukraine exported 2.66 million tons of agricultural products, up by 22.7% MoM, the press service of the Ministry of Agrarian Policy and Food reported. “In July, Ukraine exported 2.66 million tons of grains, legumes, oilseeds and their by-products products (excluding rapeseeds), up by 492,700 tons, or by 22.7%,” the report reads. Ukraine’s wheat…
The Georgian Infrastructure Ministry on August 10 said the China Road and Bridge Corporation, the contractor company for a road rehabilitation project in the Guria region, had been fined GEL 1.7 million ($629,664) for failing to fulfill the terms of the deal on three sections of the road. The statement came in response to a…
Russia has already exhausted the limit for the transit of some sanctioned goods through Lithuania to and from Kaliningrad, so they are no longer transported by Lietuvos Gelezinkeliai (Lithuanian Railways, LTG), the country’s state-owned railway company says. “The averages of some commodity codes for iron and steel, wood products, fertilisers, ethylene glycol, as well as…