Work being done to synchronize the Baltic States’ electricity grids with those of the rest of the European Union means that the number of electricity connections between Estonia and Latvia will be cut from three to two, through to year-end 2025. Implicit in the synchronization with “continental” Europe is the need to de-couple from the…
The Lithuanian Armed Forces are buying Mercedes-Benz military off-road vehicles for almost 32 million euros, the Defence Ministry reports. It did not say how many vehicles would be purchased. Veho Lietuva, a Mercedes Benz dealership, is to deliver the vehicles under a contract signed by the Defence Materiel Agency this week. “The Mercedes-Benz GD 290s…
On December 1, a caravan of 3 vessels departed from the ports of Great Odesa, which would deliver 126,000 tons of agricultural products to the countries of Africa, Asia and Europe. Among them is bulk carrier Golden Arsenal with Ukrainian wheat for Algeria. Currently, 22 vessels are being processed in the ports of Great Odesa…
Germany has provided EUR 56 million to Ukraine for the repair of its energy infrastructure. German Chancellor Olaf Scholz said this in a phone call with Ukrainian President Volodymyr Zelensky, federal government spokesman Steffen Hebestreit reported. On November 29, Chancellor Scholz called President Zelensky to exchange views on the political, military and humanitarian situation in…
Ratings agency Standard and Poor’s (S&P) has downgraded Poland’s economic growth forecast to 0.9% in 2023 from 1.2% forecast in September. At the same time, S&P predicts that Poland’s economic growth will accelerate to 3.2% in 2024. “Our baseline assumption is weak but still a positive GDP growth of 0.9% in 2023 versus our previous…
A non-refundable budgetary support worth 40 million euros on behalf of Germany has been disbursed on the account of the Finance Ministry. This financial support will back state programmes to compensate the increase in the costs of energy for the vulnerable groups. According to the Finance Ministry, the financial means will support Moldova in implementing…
Lithuania’s economy minister says “it’s impossible to completely eliminate China” and believes relations with the country “will recover” following current tensions over the Taiwanese representative office in Vilnius. “It’s impossible to completely eliminate China in a global world where all our value chains are intertwined. Despite being a communist country, it has invested heavily in…