Vilnius and Warsaw will consider joint arms procurements, Lithuanian Defence Minister Arvydas Anusauskas has said during a joint press conference with his visiting Polish counterpart Mariusz Blaszczak in Vilnius. “The synchronisation of acquisitions is not a simple thing. We are trying to synchronise the purchase of multiple rocket launchers with the Baltic countries. Of course,…
Ukraine has been forced to spend UAH 245.1 billion ($8.3 billion) on its war with Russia instead of development, Finance Minister Serhiy Marchenko has told Reuters in exclusive written comments. The figure, which has not been disclosed by Ukraine’s government before, lays bare the economic maelstrom that Ukraine is navigating, the report said. According to…
Ukraine’s physical and economic losses as a result of the ongoing war unleashed by Russia are believed to start at $90 billion. Ukraine’s infrastructure and real estate have been hit hardest by Russia’s invasion, with at least $64 billion worth of damage. That’s according to Forbes, referring to the National Bank of Ukraine. “According to…
According to initial estimates, Poland’s 2021 GDP was valued at PLN 2.62 trillion (EUR 560 billion) the Central Statistical Office (GUS) reported on May 12. GUS said the GDP estimate helped the Finance Ministry determine the size and relation to GDP, of the public debt, the State Treasury debt and outstanding liabilities issued by the…
Poland’s consumer authority has imposed a 5.3-million zloty (EUR 1.14 million) fine on Vinted, a Lithuanian 3.5-billion-euro platform for trading second-hand clothing and items. Vinted “had provided inadequate information regarding the conditions of access to the money earned by sellers on the platform and the possibility of opting out of a paid feature protecting buyers”,…
Several employees of the State Enterprise Moldovan Post Office will have increased salaries starting this month, and the management of the institution claims that it will do everything possible to improve the salary situation for each worker in the structure. “Last week, I met with colleagues in the area. I visited Comrat, Taraclia and Ceadar-Lunga…
PGNiG said in a press release its subsidiary PGNiG Upstream Norway expected to extract 3 billion cubic metres of natural gas in 2022, 0.5 billion cubic meters more than originally planned, 2.5 billion cubic meters in 2023 and 2.9 billion cubic meters in 2024. The Polish gas giant also predicted it would extract 863,000 tons…