European Commission Vice President Valdis Dombrovskis has signed a memorandum of understanding on the allocation of EUR 1 billion in macro-financial assistance to Ukraine. “Signing Memorandum of Understanding with Ukraine on behalf of the EU to provide EUR 1 billion macro-financial assistance as emergency funding. This will be paid out end-July to support Ukraine’s government…
In 2022, Ukraine expects to harvest about 52 million tons of grain crops and 13-15 million tons of oilseed crops. The relevant statement was made by Ukrainian Agrarian Policy and Food First Deputy Minister Taras Vysotskyi at a press conference. “Currently, we expect this year’s yield of grain crops to reach 52 million tons and…
June’s inflation in Latvia was higher than the average in the European Union and Eurozone, according to the latest data published by Eurostat. Compared to June 2021, inflation was registered in all EU member states in June 2022. In June, average inflation was 9.6% in the European Union and 8.6% in Eurozone. Compared to May,…
The Seimas Committee on National Security and Defence (NSGK) will consider an initiative to ban business relations with Russia, the committee chairman Laurynas Kasciunas has said. “We will soon have an NSGK meeting not only on this issue but also on the analysis of Russia’s participation in the market and Russia’s impact on our economy…
Georgia exported locally produced goods worth $2.55 billion in January-June, up by 35.6% YoY, preliminary data from the National Statistics Office of Georgia showed. Geostat said local exports in the country accounted for 73.5% of total exports in the reporting period, amounting to $1.88 billion, up by 36.3%. Georgia’s top trading partners were China –…
Floating stations are being anchored in the Baltic Sea to carry out hydrometeorological measurements as Lithuania prepares to build its first offshore wind farm, the Lithuanian Energy Agency has said. The equipment, delivered and installed by Spain’s Eolos Floating Lidar Solutions, will provide data on wind speed and direction, atmospheric pressure, air temperature and relative…
The European Council has approved the increase, for one year, of the export quotas for several Moldovan farming products, the Economics Ministry reports. “The producers from the agricultural sector of Moldova will be able to export to the European Union’s market, during one year, substantially larger quantities of farming goods, without the payment of customs…