While gray alder has few uses other than providing heat, harvesting the timber has not been cost-effective. Energy price hikes could be changing this situation now, with gray alder one alternative to Russian gas. Gray alder woods make up 6.6% of Estonian woodlands. State forests hold 5.5 million cubic meters of gray alder and private…
The Lithuanian food manufacturer Daumantai owns a factory in Kaliningrad. The company’s manager, a liberal member of the municipal council of Kedainiai, says he has been looking to divest since Russia launched its invasion of Ukraine, but has not been able to do it yet. Daumantai, a Lithuanian sauce producer, owns a company registered in…
The value of the Polish e-commerce market reached PLN 111 billion (EUR 23.9 billion) in 2021, of which 56% were goods and 44% services, the PMR researcher found. Online sales of services were worth PLN 48.7 billion (EUR billion) in 2021 and are expected to double, to PLN 97 billion (EUR 20.9 billion), until 2027,…
Over the first quarter of 2022, Ukraine’s monobank suffered losses in the amount of over UAH 100 million. The financial statements for the first quarter were forwarded to the National Bank on April 13, monobank co-founder Oleh Horokhovsky wrote on Telegram. According to the official, January was “very profitable” for the bank, February saw a…
We live in such an amazing period. The era of total worldwide digitization has come. Today everything changes so rapidly. It is very important for everyone to keep up with the latest trends and updates. It is specially important now, when most people have no other way out but to work and study from home…
Energoatom, the national nuclear energy operator, has incurred material damage of more than UAH 18 billion amid Russian invasion. Energoatom issued the relevant statement via Telegram. “As the Zaporizhia Nuclear Power Plant (ZNPP) was being shelled, Russian invaders attacked a number of facilities on its premises, inflicting damage that was estimated at UAH 18.3 billion,”…
Lithuania’s budget deficit will reach 4.9% of gross domestic product (GDP) this year instead of the previously projected 3.3%, Finance Minister Gintare Skaiste has said. “Considering the revisions and additional expenditure, the budget deficit this year might reach 4.9% of GDP, which will also be due to the increased financing of national defense that has…