Lithuania: Belaruskali demands damages from Lithuanian Railways for contract termination

The Belarusian state-owned potash manufacturer Belaruskali says it intends to demand damage compensation from Lithuanian Railways (LTG), which is terminating transportation contract on February 1. The Lithuanian government has terminated the contract on transporting Belarusian fertilizers across the country, quoting national security. Belaruskali has been under US sanctions since December 2021. LTG has confirmed that…

Ukraine: Finance minister holds online meeting with U.S. Deputy Secretary of the Treasury

Minister of Finance of Ukraine Serhiy Marchenko held an online meeting with U.S. Deputy Secretary of the Treasury Wally Adeyemo. “The parties discussed the achievements in the implementation of prudent fiscal policy in Ukraine, which resulted in overfulfillment of the state budget in 2021, ongoing cooperation with the International Monetary Fund, and next steps of…

Georgia: hazelnuts exports increase

Georgia has exported 18,400 tons of hazelnuts between August 1, 2021 and January 23, 2022, up by 28% YoY, the Georgian Ministry of Agriculture and Environmental Protection has reported. The exports generated $84.5 million in revenue, up by $8.3 million. The export price of hazelnuts increased by 11%. Georgian hazelnuts were exported to the following…

Latvia: state debt up in 2021

Last year, Latvia’s state debt increased by EUR 2.8 billion or by 22.5%, reaching EUR 15.259 billion, according to data compiled by the State Treasury. At the end of 2021 Latvia’s state debt was EUR 15,258,909,000 and at the end of 2020 it was EUR 12,458,738,000. The state external debt was EUR 12.287 billion at…