Poland’s special-purpose development bank BGK has been actively trading on the FX market, increasing its activity in recent days to limit the weakening of the Polish currency, financial market insiders have said. “BGK has certainly been present regularly since the onset of the war,” one insider said, referring to Russia’s war on Ukraine. At first,…
Lithuania will send self-propelled mortars and armoured vehicles, as well as other necessary equipment, to Ukraine, Lithuania’s Defence Ministry has said. “Lithuania continues and will continue to support Ukraine. We will provide the Ukrainian army with winter clothing and winter equipment, we will allocate additional funds for next year’s material support, we will provide 120…
Poland is mulling a windfall tax and if a decision is made to implement it, the resolution will target particular sectors and not all companies, government spokesperson Piotr Mueller has said. “It does happen that some companies, given the international situation, generate higher profits than they would from natural economic activity, and we have not…
Lithuania is providing 5 million euros through the World Bank for urgent reconstruction work in Ukraine, the Finance Ministry has said. The Ukraine Relief, Recovery and Reconstruction Trust Fund (URTF) was set up by the World Bank to help finance immediate recovery efforts in the country. “To ensure that financial assistance reaches Ukraine as quickly…
Georgian external trade turnover amounted to billion in January-September, up by 35.3% YoY, the National Statistics Office revealed on October 13. Trade deficit reached $5.41 billion, and the share of trade turnover hit 39.8%. Last year Georgia’s exports totaled $4.24 billion, while imports reached $10 billion. The total turnover was $14.31 billion, while the trade…
Ukraine was prepared for the situations that russia would try to destroy important infrastructure facilities – various response scenarios were developed, Prime Minister Denys Shmyhal noted at a Government session. “The Ukrainian power grid is operating as normal. We did not request any emergency aid from our European neighbors. We don’t experience a shortage of…
Prime Minister Denys Shmyhal appealed to citizens and businesses to reduce electricity consumption from 5:00 p.m. to 10:00 p.m. in order to stabilize the power system, which had been damaged by russian missile attacks. “We are grateful to all Ukrainians who have deliberately reduced electricity consumption. The total saving was 10%. We also thank the…