The value of Lithuanian agricultural and food exports has increased by almost 30% compared to the same period last year since Russia’s invasion of Ukraine. This increase was mainly due to higher exported agricultural and food products costs. The value of exports to Ukraine halved, while exports to Russia and Belarus increased by 10% and…
Ukrainian Prime Minister Denys Shmyhal and President of the European Council Charles Michel have checked the current situation at Odesa Sea Port and coordinated joint steps to resolve the issue of Ukraine’s agricultural exports. The relevant statement was made by the Government portal. Shmyhal stressed that the world was already feeling the effects of the…
At the end of April 2022, the number of idle enterprises reduced to 17% compared to 32% at the beginning of Russia’s full-scale invasion of Ukraine. The relevant statement was made by the National Bank of Ukraine (NBU) in the monthly macroeconomic and monetary overview. “The number of idle enterprises reduced almost twofold compared to…
“Ukraine’s complete victory is in our interests, as is the restoration of their independence and territorial integrity. This is a requirement for lasting peace in Europe,” said Latvian Saeima speaker Inara Murniece on May 8, during her meeting with vice-speaker of Ukrainian parliament Olena Kondratiuk. During their meeting, the parties discussed aid for Ukraine in…
Imports from China have stabilised, but exports of Lithuanian goods to China are almost non-existent, Rimas Varkulevicius, president of the Association of Lithuanian Chambers of Industry, Trade and Crafts (LPPARA), has said. “There are practically no exports because China has removed many Lithuanian producers from registers and imposed other restrictions, he said. Some goods may…
Polish national air carrier LOT will extend its summer schedule of flights from Warsaw by five new destinations, the airline CEO has announced. Rafal Milczarski told journalists in Chicago on May 7 that in the coming summer season LOT would launch direct flights from Warsaw to Mumbai, Cairo, Sarajevo, Baku and Pristina. He added that,…
Rising fuel and raw material prices, as well as a return to organic farming methods, are pushing some to abandon heavy machinery. Vigandas Indrasius, a Lithuanian farmer in the Birzai district, decided to sell his tractors and use horses to work the land instead. Indrasius, who owns 300 hectares of land, is cultivating it with…