The Latvian airline AirBaltic is removing four routes from Vilnius Airport as of September. Meanwhile, flights to four destinations – Paris, Berlin, Tallinn and Riga – will be less frequent. AirBaltic will stop operating flights to Oslo, London Gatwick, Dublin and Hamburg from September. AirBaltic says it is facing a shortage of aircraft parts. However,…
Exports of Polish agricultural and food products grew by 19.5% YoY between January and April, reaching a value of EUR 14.0 billion, the National Support Centre for Agriculture (KOWR) reported. Poland exported most of its produce, 75%, to other EU countries in the first four months of the year. The value of shipments to the…
Georgia’s banking sector has been “at the forefront” of implementing good corporate governance practices and helping to strengthen the country’s economic and financial development, says a new report by a joint World Bank-International Monetary Fund programme. Produced as part of the programme of Reports on Observance of Standards and Codes, with the assistance of the…
In Baltic States, as well as in countries like Finland, Sweden and Germany, electricity prices increased last month. The average electricity price in May increased by 50%, reaching 164.20 EUR/MWh in Latvia and 151.37 EUR/MWh in Estonia. In Lithuania the average electricity price reached 164.71 EUR/MWh, up by 41% MoM. In May, the hourly price…
Lithuanian President Gitanas Nauseda will seek to secure EU leaders’ support amid Russia’s threats to Lithuania over the recently introduced ban of the transit of some goods to the Russian exclave of Kaliningrad. The president will raise this issue at the forthcoming European Council meeting later this week, Asta Skaisgiryte, the president’s chief foreign policy…
Ukraine’s National Nuclear Energy Generating Company Energoatom and U.S.-based Westinghouse have discussed bilateral cooperation, including the preparation of regulatory documentation for the construction of new nuclear power units using AP1000 technology in Ukraine. Energoatom President Petro Kotin held a virtual meeting with Elias Gedeon and David Durham, Senior Vice Presidents at Westinghouse Electric Company. The…
According to the National Bank estimates, GDP will decline by at least a third at the end of the year. “As a result of the war, we expect GDP to decline by at least a third. We expect the inflation rate to speed up and exceed the 20% level,” Deputy NBU Governor Serhiy Nikolaychuk said…