The collections to the National Public Budget, managed by the State Fiscal Service (SFS), amounted to 21.7 billion lei (about 1.1 billion euros) in the first five months of 2022, up by 20% YoY. According to SFS, over 9.8 billion lei was collected in the state budget in 2022, up by 26.4%. “Revenues worth 2.2…
The Lifosa plant has resumed production after a forced shutdown in April. 240 employees of the enterprise are back to work. Earlier, the European Union authorities imposed sanctions against Andrey Melnichenko, the owner of EuroChem, which owned Lifosa. After that, the accounts of Lifosa were blocked and the plant was forced to stop. Later, the…
Due to sanctions, Russia has been unable to sell its electricity to the Baltic countries and Finland since mid-May. Currently Estonia, Latvia and Lithuania are only connected to Russia due to being in the same frequency band, which is managed centrally from Moscow. However, as the Baltic States have been trying to maintain a clean…
The results of a new opinion poll, released on June 7, indicate that 70% of Poles want to see tax privileges for the Catholic Church abolished. The Ibris survey, done for the private broadcaster Radio Zet, also showed that 23% of the respondents wanted the tax relief to stay. The findings also disclosed that 66%…
The IMF mission has commended the Lithuanian government’s response to economic challenges, noting that inflation, which is among the highest in the EU, should abate until the end of the year. Lithuania is well prepared to meet economic challenges brought by the pandemic and the war in Ukraine, as the country’s government has chosen the…
To reduce patient fees for healthcare services in Latvia, which are some of the highest among EU member states, the Ministry of Health has prepared and submitted for a public discussion a conceptual report on financial accessibility of medicines, the ministry reports. One of the proposals is reducing VAT rate from 21% to 5% in…
The consumer price index (CPI) rose by 20% YoY in May, state agency Statistics Estonia said, driven primarily by soaring energy prices starting from last autumn. Services alone were 28.8% more expensive than in May last year, goods cost 15.7% more. Viktoria Trasanov, leading analyst at Statistics Estonia, said: “Electricity to the home was 146.3%…