Lithuania: two more companies to be put under administration due to Russia sanctions

Two more Lithuania-based companies may be placed under administration due to EU sanctions on Russian, says the Financial Crime Investigation Service (FNTT). One company, the phosphate fertiliser producer Lifosa, has so far been the only company put under temporary administration after sanctions on its Russian owners threatened its operations. “The Finance Ministry has thus far…

Poland: interest rates to be cut at end-2023

The governor of Poland’s central bank has announced that Poland seems to be getting closer to the end of the monetary policy tightening cycle rather than to its beginning. “It cannot be ruled out that the Monetary Policy Council (RPP) will start cutting interest rates in the last quarter of 2023,” Adam Glapinski told reporters…

Moldova: more agricultural products to reach European markets without customs duties

Apples, plums, grapes and other Moldovan agricultural products will soon reach European markets without customs duties. The European Commission has proposed a regulation due to allow the temporary improvement of the access to market for Moldova’s agricultural products. According to the government’s communication and protocol department, the measures suggested regard seven products for which the…