Lithuania would have to negotiate with Sweden, from which it imports a large part of its electricity, if the EU adopts a proposal on redistributing the excess profits of low-cost energy producers, Prime Minister Ingrida Simonyte has said. “If this decision is adopted, there will be obligations to share excess profits among member states, if…
Most Poles have cut their household budgets owing to inflation-driven price hikes, a survey published by the Rzeczpospolita newspaper on September 15 has revealed. According to the NielsenIQ survey, 60% of those polled have reduced their basic expenses, 40% buy only the cheapest products and 32% believe inflation and high prices will remain long after…
Brussels Airlines, the only carrier operating direct flights from Lithuania to Brussels, is discontinuing its service between Vilnius and the Belgian capital from October 28. “Due to low demand between Brussels and Vilnius during the winter season, these flights will not be operated during this period,” the airline told the website. “Since demand for such…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 16.1% YoY and by 0.8% MoM in August, the Central Statistical Office (GUS) reported on September 15. The figures are in line with the flash estimate published by GUS on August 31. In July, the prices of consumer goods and services increased by…
The National Food Safety Agency (ANSA) has identified a non-conforming consignment of imported butter, which has been returned. Within the programme on monitoring and supervision in the field of safety and quality of animal origin food products in 2022, ANSA detected a batch of imported butter of 11 tons, which did not meet the sanitary…
Lithuania’s national defence budget will slightly exceed 2.5% of the country’s GDP next year, Defence Minister Arvydas Anusauskas has said. “I expect the figure to be higher in monetary terms, but it will probably be slightly higher than 2.5%,” the minister said on September 15. Anusauskas said he would like the budget to be higher,…
Poland has the largest digital economy in Central and Eastern Europe, worth an estimated EUR 44 billion in 2021, according to a new report published on September 14. Until 2023, the country’s digital economy may grow by an additional EUR 78 billion, or PLN 360 billion, and could be worth EUR 123 billion in total,…