The Riga-Kaunas section of the European standard gauge railway Rail Baltica will be built first, Lithuanian Transport and Communications Minister Marius Skuodis has announced. The Rail Baltica railway, which will connect Warsaw, Kaunas, Vilnius, Riga, Tallinn and Helsinki, will complete the sector’s integration into the European rail network, the Lithuanian minister said during the Transport…
The Premier Energy provider informed that it had been officially notified by the Energocom stock company about the existence of a deficit of energy of 284 MWh. “In this critical situation, because of the deficit of power, in the conditions of the alert state in the electro-energy sector, established by the Commission for Emergency Situations…
Poland’s retail sales increased in real terms by 4.1% YoY, but fell by 2.8% MoM in September, the Central Statistical Office reported. Economists polled by PAP expected September’s retail sales to grow in real terms by 4.4% YoY and fall by 2.4% MoM. In current prices, retail sales increased by 21.9% YoY in September against…
If the European Union decides on a gas prices cap, it is important to avoid third countries benefiting from cheaper gas-generated electricity, says Marius Vascega, head of the European Commission Representation in Lithuania. “There are all sorts of additional nuances that we all need to work on. For example, whether we do not actually subsidise…
The Polish budget closed September with a PLN 27.5-billion (EUR 5.8 billion) surplus, but the results are expected to drop considerably in the months to come, the Finance Ministry reports. Lukasz Czernicki, the ministry’s chief economist, said that at about PLN 38 billion (EUR 8 billion), September’s budget revenue was about PLN 2 billion (EUR…
Lithuania is buying missiles for anti-aircraft system from a Swedish company in a deal worth 45 million euro, the Defence Ministry reports. The contract signed between the Defence Ministry’s Defence Materiel Agency and SAAB Dynamics AB concerns acquisition of Bolide- and MK2-type guided missiles for short-range anti-aircraft systems RBS-70. According to the ministry, the missiles…
Georgian economy minister Levan Davitashvili and Tamar Archuadze, the general director of the United Airports of Georgia, met with Jozsef Varadi, the general director of Hungarian budget airline Wizz Air, in Tbilisi to discuss future cooperation, the Ministry of Economy announced. Varadi flew to Georgia from Bulgaria as part of his business trip that was…