Ukraine calls on heads of U.S. and European banks to sever ties with companies that trade Russian oil and stop providing credits to finance Russian war crimes. “Economic advisor to the President of Ukraine, Oleg Ustenko wrote to bankers including JPMorgan Chase’s Jamie Dimon and HSBC’s Noel Quinn, asking them to stop financing companies that…
Artificial intelligence was invented in 1959, and the world is constantly surprised by new and unique emerging technologies. It is the ability to learn, adapt, understand, and discover a way to attain outcomes and solve issues that are similar to human behaviors, among other things. In recent years, artificial intelligence systems’ capabilities have achieved significant…
Since the beginning of the full-scale war of the Russian Federation against Ukraine, international partners have provided almost $13 billion in financial aid to Ukraine. “The international aid intensified at the end of June. Thanks to this, Ukraine received about $4.4 billion in June and in the first days of July. In total, since the…
The small and medium enterprises will benefit from a financial assistance in order to enhance the competitiveness at export. The parliament on July 15 ratified an agreement on loan with the International Bank for Reconstruction and Development (IBRD) and an agreement on financing with the International Development Association (IDA). Economics Minister Sergiu Gaibu unveiled the…
Leading commercial banks Swedbank and SEB have not allowed bank transfers to or from Russia for some time, while LHV has been accepting some incoming payments but is planning additional restrictions. No EU sanctions package includes a ban on bank transfers. The initiative is that of the banks whose reasons for doing so are similar.…
The leaders of parliamentary parties in Lithuania on July 15 signed a new national defence agreement, pledging to keep military spending above 2.5% GDP and increase the number of conscripts. “We are signing this agreement at a truly special time when it’s very important to objectively assess the changed geostrategic environment and arising new threats,…
On July 14, Latvia’s Saeima passed in the second and final reading urgent amendments to the Law on State Pensions. These amendments provide for indexation of state pensions two months earlier than usual this year – in August. “Earlier than usual indexation of pensions is proposed to provide support to pensioners in a situation of…