Businessman Igor Udovickij, the top shareholder of Biriu Kroviniu Terminalas (Bulk Cargo Terminal, or BKT), a Klaipeda port company that used to handle Belarusian fertilisers, has applied for regulatory clearance to buy 30% of BKT’s shares from the sanction-hit Belarusian fertiliser producer Belaruskali. “Concentration is being implemented by Igor Udovickij by purchasing 30% of shares…
National Public Budget receipts administered by the State Tax Service (SFS) amounted to 35.3 billion lei (about 1.8 billion euros) in January-August, up by 17.9% YoY. According to the SFS, in 2022, the State Budget received 15.4 billion lei, up by 22.7%. “The local budgets recorded receipts of about 3.8 billion lei, up by 14.6%.…
Russian nationals have crossed the Lithuanian border 130,000 times since the start of the Ukraine war in late February, Foreign Minister Gabrielius Landsbergis has said, arguing for measures to restrict Russians’ access to the EU. “Over 130,000 Russian citizens with a Russian passport and a Schengen visa have crossed the Lithuanian border since the start…
Even if the Zaporizhia NPP is inoperable throughout winter, Ukraine has capacities to go through this heating season without it, Vadym Denysenko, the advisor to the Minister of Internal Affairs, executive chief of the Ukrainian Institute of the Future, has said. “We have to understand: even if the station doesn’t work in winter, we have…
As of August 1, the share of non-performing loans (NPLs) in Ukraine’s banking sector increased to 30%. The relevant statement was made by the National Bank of Ukraine (NBU) on Telegram. According to the NBU, the amount of NPLs rose by UAH 24.2 billion in July. (Ukrinform/Business World Magazine)
Air transport activities will be carried out under increased safety conditions. The Cabinet of Ministers approved on September 1 a regulation setting technical requirements and administrative procedures on air operations, the government’s communication and protocol department reported. The project aims to set up a single regulatory framework in the air operations, which includes both technical…
Lithuanian President Gitanas Nauseda said that he would rather see the government subsidise energy costs than raise defence spending to 3% of GDP in 2023, if there were not enough money for both. “We must set our priorities very clearly: if our financial and macroeconomic situation allows it, I’d say that both priorities should be…