Lithuania: EU to invest EUR 6.4 billion via Cohesion Fund

The European Commission has adopted its Partnership Agreement with Lithuania, laying down an investment strategy in the country worth 6.4 billion euros in cohesion policy funding for the period 2021-2027. Compared to the period of 2014-2020, the amount decreased by approximately one-fourth, according to Lithuania’s European Commissioner Virginijus Sinkevicius. “We received approximately 8.4 billion euros…

Ukraine: G7 finance ministers pledge more than $24 billion in aid

G7 finance ministers pledged additional support to Ukraine exceeding $24 billion for 2022 and beyond, adding that they were prepared to do more as needed. In a statement, the ministers said they regretted Russia’s participation in international forums, including G20, International Monetary Fund and World Bank meetings this week. “International organizations and multilateral fora should…

Poland: manufacturing up in March 2022

Poland’s industrial output rose by 17.3% YoY in March, the Central Statistical Office (GUS) reported on April 21. Month on month, industrial output increased by 18.2%. Economists polled by PAP expected March’s manufacturing to grow by 12.3% YoY and by 13.6% MoM. Seasonally adjusted industrial production went up by 17.2% YoY and by 2.1% MoM…

Lithuania: heavy mortars sent to Ukraine

Lithuania has sent heavy mortars worth tens of millions of euros to Ukraine, Defence Minister Arvydas Anusauskas has said. “We’ve transferred heavy mortars to Ukraine as aid,” Anusauskas said. “I won’t give the number, but we’ve transferred quite a few of them.” According to the minister, Lithuania has already sent to Ukraine not only Stinger…