The ICC International Court of Arbitration has refused to hear a lawsuit filed by Russia’s Fund for Protection of Investors’ Rights in Foreign States against Lithuania on more than 1 billion euros in damages over the nationalisation of the Snoras bank. The bank collapsed in 2011 and the Lithuanian government nationalised its shares from its…
As many as 307,000 Ukrainians have found employment thanks to streamlined procedures introduced to help them find work, the Polish Family and Social Policy Ministry said on July 12. Under a law, Ukrainian citizens who arrived in Poland after February 24, the date on which Russia attacked their country, could take up employment without the…
A new blueberry storage and processing enterprise, with a total investment of GEL 2.3 million ($798,361 or EUR 787,383), has been launched in the western Georgian town of Khobi with the support of the Rural Development Agency. The agency announced on July 12 the facility had the capacity to store and process 600 tons of…
Purchase of discounted products, search of cheaper goods and services and more frequent meals at home – these are the most common strategies Latvian residents use to save up money and reduce the impact from the rapid price climb, says Swedbank Institute of Private Finances expert Evija Kropa, commenting on data from the institute’s study.…
E-commerce giant Amazon is considering setting new distribution centres in Poland, the company’s press officer reports. Konrad Mroz said: “We are constantly considering new potential locations. We take into account many factors when taking decisions on where to develop buildings in order to best serve customers. We are engaged long-term in Poland and are concentrating…
Estonia’s two largest retail banks, Swedbank and SEB, are increasing the prices of their in-branch services. The cost for customers completing a bank transfer at a Swedbank or SEB branch will soon rise to EUR 5. When asked if the price increases were a result of the current market situation, Tarmo Sulla, Swedbank’s head of…
Lithuania’s Economy and Innovation Ministry held a conference in Vilnius on July 12 to bring together politicians and representatives of the business and expert community to discuss plans of rebuilding Ukraine. Economy and Innovation Minister Ausrine Armonaite says Lithuania can demonstrate leadership to the whole world by providing not only military and political assistance to…