Finora Bank, co-founded by Estonian businessmen Veikko Maripuu and Andrus Alber, has begun operations in Lithuania, promising to bring new financing to the market, particularly for small businesses, the creative sector and the green economy. In the coming months, the new bank will start operations in Estonia. Maripuu said that financing for small businesses was…
Apple producers and exporters, members of the Moldova Fruit Association participated in a workshop “Diversification of markets for Moldovan apples” to discuss prospects for exporting fruit to new markets and overcoming entry barriers to alternative markets, as well as maintaining the existing ones. According to Moldova Fruct, this year, the global production of apples in…
The Georgian central bank plans to roll out a pilot scheme for a digital version of the national currency lari, governor Koba Gvenetadze has said. Gvenetadze said the digital currency would have the same value and legitimacy as banknotes and coins, and added the main idea behind testing the innovation was to find out how…
The Lithuanian government on November 16 adjusted next year’s draft budget to allow raising defence spending to 3% of GDP through borrowed funds, provided that the overall budget deficit in 2023 did not exceed 4.9% of GDP. This would allow the government “to borrow between the level of 2.5% of GDP and 3% of GDP…
The Moldelectrica enterprise has informed that the supply of electric energy has been reestablished in most settlements of Moldova. According to Deputy Prime Minister, Foreign Affairs and European Integration Minister Andrei Spinu, the Russian aggression against Ukraine directly hits Moldova. “The risks of disconnections of electric energy supply remain high. Any bombardment of Russia against…
Poland’s general government deficit will likely be lower in 2022 than the 4.7% of GDP the government has assumed in the budget law for next year, the central bank’s rate-setting body has said. When preparing the state budget for next year, the government also included its updated expectations concerning key economic figures for the current…
It is high season in Lithuania’s largest spruce plantation. Around 60,000 trees will be shipped off to Scandinavian countries before Christmas. However, with the Russian market cut off, this year will not be profitable for spruce growers. Daivanas Pranciulis, who grows about 1 million trees in his plantation near Zagare, northern Lithuania, started preparing for…