Nearly two-fifths of residents in Baltic States invest in various financial instruments, according to results of SEB Bank’s Baltic residents survey. In Latvia 38% of residents are engaged in investments and 39% in Lithuania and Estonia. Latvian residents and Estonian residents are generally braver when it comes to investments, according to the survey. 14% of…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%, it announced on November 9, despite rising inflation. 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 also left the deposit rate…
Lithuania expects trade with Taiwan to grow after it opened a Trade Representative Office in Taipei on November 7, Economy and Innovation Minister Ausrine Armonaite said. “Clearly, I would like to see higher trade volumes, but it’s only been a year since Lithuania deepened relations with Taiwan, so we expect that once the momentum picks…
Poland’s rate setting council said on November 9 that its decision to put interest rates on hold was based on expectations that the global economic slowdown along with monetary tightening in Poland and abroad would lower inflation towards the central bank’s inflation target. In a statement issued after its decision to keep interest rates level,…
Some of Vilnius residents have already received heating bills for October. For most, they are lower than in September, when the heating season did not begin. Ingrida, a resident of Vilnius living in a 25-square metre apartment in an old building, paid 27 euros for hot water and a heating coil in September. In October,…
The cooperation in the field of taxation between Georgia and Spain was discussed by the Georgian finance minister Lasha Khutsishvili and his Spanish counterpart Maria Jesus Montero, the Finance Ministry said. The parties expressed readiness to “further deepen” the existing cooperation in the meeting, held within the framework of the 15th plenary meeting of the…
The US state department has approved the potential sale of High Mobility Artillery Rocket System (HIMARS) launchers and related equipment to Lithuania for an estimated cost of $495 million (493.72 million euros). “The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale today,” the agency said on November 10. The…