SEB has revised its forecast for Lithuania’s GDP growth in 2022 up to 0.9% from 0.1% in late March, and has raised its projection for 2023 to 1.8%. SEB Lithuania’s economist Tadas Povilauskas says that the upward revision reflects expectations of a less sharp economic downturn in the second quarter, as well as a positive…
Representatives of a company from Turkey have shown interest in apples produced in Moldova. Members of the Moldova Fruct Association, apple producers, last week were visited by representatives of Turkish company, which owned one of the biggest areas of orchards in Moldova (850 hectares) and sold apples in India, Middle East and Russia. “The company…
Prime Minister of Georgia Irakli Garibashvili on May 12 inspected the ongoing construction of a residential district on the outskirts of Tbilisi, with the project designed for service members and their families and dubbed Army City. Accompanied by Defence Minister Juansher Burchuladze to observe the work on Makhata Mountain in the northern part of the…
On May 12, Latvian Saeima passed in the second and final reading urgent amendments to the Law on Assistance to Ukrainian Civilians. Amendments are intended to provide aid to persons in Latvia who voluntarily provide accommodation to Ukrainian refugees. It is planned to provide private persons with the right to receive benefits to compensate additional…
Average monthly gross income rose by EUR 92 (+6.7%), to EUR 1,475 per employee in 2021, state agency Statistics Estonia reported. Gross income also continued to rise as 2021 progressed. Statistics Estonia analyst Greta Tischler noted that the highest average income was once again earned in municipalities of Harju County, principally those which made up…
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…