The Regional Development Agency (ADR) Centru, the Ungheni District Council and the executing company have signed an enterprise contract within the regional project that provides for the rehabilitation and extension of Zagarancea-Cornesti main aqueduct, financed by the National Fund for Regional and Local Development (FNDRL). “According to the contract, within twenty months, starting with May,…
Latvian Minister of Defence Artis Pabriks has met with US Congress representatives Don Bacon, Ruben Gallego and Sara Jacobs. During the meeting, Pabriks asked the US to increase military aid for Latvia. The parties met to discuss the current geopolitical situation following Russia’s invasion of Ukraine, Latvian-US mutual cooperation in defence and the need to…
The housing loans portfolio continued to grow in recent volume in April, gaining EUR 194 million, while the preparedness of companies to invest with the help of loans was dwindling, the Estonian Banking Association said. The Estonian Banking Association said that companies’ loan portfolio fell short of EUR 300 million for the fourth consecutive month.…
Mateusz Morawiecki, the Polish prime minister, in Davos, praised the rate of Poland’s economic development and said that the country was aiming to speed it up. “Poland is a developed economy and we still have an appetite for further growth. And we are ready to accelerate the pace even more,” he told a discussion panel…
Lithuania’s Defence Ministry is eyeing reconnaissance drones made in the country that could replicate the Turkish Bayraktar TB2 drone, which has made its mark during the war in Karabakh as well as in Ukraine. “There is no chance of catching up with the Americans in terms of quality, or Israel for that matter, because they’ve…
Poland recorded a PLN 9.2-billion (EUR 2-billion) state budget surplus after the first four months of 2022, the finance minister indicated. This compares to a PLN 0.3-billion (EUR 65-million) deficit in Q1, Magdalena Rzeczkowska wrote in a comment on May 24. “In April, state budget revenues rose by 4.3% YoY or by around PLN 2…
Euribor, an interbank lending rate that affects interest payments, is set to rise by 1% this year, by 2% in 2023 year and remain at a similar level at least until 2032. According to the Bank of Lithuania, the Euribor hike is expected in mid-summer. It will be felt by almost all residents of the…