Poland: government to cap electricity bills

The government has introduced price caps on electricity bills for SMEs, social institutions and households in an effort to protect them from soaring energy costs. From December 1 until the end of 2023 the maximum electricity tariff for SMEs and institutions such as orphanages, schools and hospitals will be set at PLN 785 (EUR 161)/MWh,…

Lithuania: bank starts exchanging Ukrainian hryvnias

Siauliu Bankas has started converting Ukrainian hryvnias into euros, the first commercial bank to offer the service in Lithuania. However, only Ukrainians will be allowed to use the service to exchange up to 10,000 hryvnias. Converting the Ukrainian currency into euros became possible after Lithuania’s central bank signed agreements with its Ukrainian counterpart and Siauliu…