Estonian businesses, which depend on goods and raw materials imported from Russia and Belarus, need to understand the risks and find new suppliers, a report by the Riigikogu’s Foresight Center shows. If these imports completely stop it will cost businesses EUR 860 million. The center has been studying the risks posed to Estonia since the…
There is a shortage of around 1,000 bus and trolleybus drivers across Lithuania. With few new drivers entering the labour force, the problem is expected to get worse. “This is a shortage of public transport drivers everywhere – in all companies, in all regions, in all municipalities,” Gintaras Nakutis, head of the Passenger Transport Association,…
The UK government is contributing up to GBP 10 million to repair Ukraine’s rail infrastructure to facilitate the export of grain from the country amid Russian aggression. “In addition to preventing grain from leaving Ukraine via the Black Sea – the route by which 96% of Ukraine’s grain has historically been exported, Russian attacks are…
Ukraine has joined the EU’s LIFE program, under which it will be able to get resources and funding to address the long-term effects of Russian aggression, as well as to restore the environment as a whole. Ukraine’s Environment Minister Ruslan Strilets and EU Commissioner for Environment, Oceans and Fisheries Virginijus Sinkevicius signed a respective document…
Poland’s unemployment rate fell to 5.1% in May from 5.2% April 2022, the Central Statistical Office (GUS) reported. The number of registered unemployed measured 850,200 in May against 878,000 in the previous month, GUS also said. Earlier, the Family and Social Policy Ministry estimated May’s unemployment at 5.1%. (The First News/Business World Magazine)
The European Bank for Reconstruction and Development (EBRD) will provide the Republic of Moldova with a loan of 300 million euros to increase energy security by acquiring strategic gas reserves to complement those currently supplied by Russia through Ukraine, the Ministry of Infrastructure and Regional Development (MIDR) has reported. The loan, granted in the context…
The Council of Europe Development Bank (CEB) will offer Poland a EUR 450-million loan to refinance the country’s current aid for Ukrainian refugees, the Polish Finance Ministry has reported. The loan agreement was signed by the Polish finance minister, Magdalena Rzeczkowska, and CEB governor, Carlo Monticelli, in Warsaw, on June 24. “Poland appreciates the long-lasting…