Inflation will continue on a two-digit level until the end of the year, with a slight rise in August and a fall in Q4, the Polish Economic Institute (PIE), a state-owned think-tank, has said citing the latest figures from the Central Statistical Office (GUS). GUS reported that commodity and service prices in July were up…
Lithuania is looking at options to backfill weapons it plans to send to Ukraine, the country’s Defence Ministry says. Speaking during a donor conference for Ukraine held in Denmark, Lithuania’s Deputy Defence Minister Margiris Abukevicius said the country could send more weapons to Kyiv if NATO agreed to backfill the depleted stocks. Lithuania has already…
Turkey’s Baykar is planning to build a factory in Ukraine to produce not only Bayraktar TB2 unmanned combat aerial vehicles but also new models, such as Bayraktar Akinci and Bayraktar Kizilelma. The relevant statement was made by Baykar CEO Haluk Bayraktar in an interview with the “Come Back Alive” Foundation. According to Bayraktar, his company…
Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Olha Stefanishyna has signed an additional agreement with the European Union on financing the EU Energy Efficiency Support Program for Ukraine – EE4U, aimed at increasing funding for the Energy Efficiency Fund. “This involves a three-year extension of the program until 2028 and an increase…
Growing exports to the Indo-Pacific countries are offsetting a decline in exports to China, the Foreign Ministry has said citing statistics. “Proactive economic diplomacy and the development of a network of diplomatic missions and representatives contribute to the overall goal of diversifying trade and increasing economic resilience. The total volume of Lithuanian exports to the…
The Republic of Moldova will benefit from additional funding of $63 million from the Government of the United States of America (USA) as a grant under the two agreements signed by the Government of the Republic of Moldova and the Government of the USA on September 28, 2016. The government approved the projects regarding the…
Amid regional uncertainties, Lithuanians are stocking up gold bars and coins. The head of the mint says it is often the case that investments flock to gold during crises. The only mint in the Baltic States has few gold products left in its shop, just a few gold-plated angels, coins and gold bars. “People joke…