The negative influence of euro’s weakness exceeds positive aspects. Additionally, the low euro exchange rate could contribute to inflation even though it is not the biggest factor contributing to price growth, according to bank analysts. SEB Bank macroeconomic expert Dainis Gaspuitis said companies focused on export outside Eurozone were the ones to benefit the most…
Over the past two months, the price of the raw material used to produce rapeseed oil has decreased by nearly EUR 200 per ton, or up to one third. Rapeseed oil prices on store shelves, however, won’t be following suit. According to Talis Raak, head of purchasing at Rimi, the retail price of cooking oil…
As part of the implementation of EU sanctions, 34 freight vehicles were refused entry from Russia to Lithuania on July 11. Long queues of trucks are also forming at Lithuania’s border with Russia, as the restrictions gradually cover more and more goods bound for Kaliningrad. Freight vehicles are also queuing at the border with Belarus,…
Ukraine invites Lithuanian businesses to participate in measures to restore and rebuild the Ukrainian economy after the victory in the war. A total of 614 promising projects have been prepared for investment. “After the victory of Ukraine, economic relations with Lithuania should reach a new level. It is about close economic cooperation and the participation…
The United States has transferred another $1.7 billion in grant assistance to Ukraine, Ukrainian Prime Minister Denys Shmyhal has written on Twitter. “$1.7 billion of grant aid came to the Ukrainian budget from the Trust Fund of the World Bank and the U.S. Agency for International Development. This is the second US grant in the…
The export of sweet cherries and cherries from Moldova has recorded an increase of more 2-fold this year. According to the Customs Service (SV), the export of sweet cherries grew by 117% and of cherries – by 99%. Thus, economic agents exported more than 12,000 tons of sweet cherries (about 640 trucks) and over 3,000…
In April-June, food product prices increased in all three Baltic States. Food products are more expensive in supermarkets in Riga when compared to neighbouring countries, according to data from the head of Agricultural Market Promotion Department of the Institute of Agro-Resource and Economics Inguna Gulbe. “Baltic States are no exception, similarly to the rest of…