As of March 25, there were assets worth approximately EUR 55 million frozen in banks in Latvia due to sanctions imposed by the European Union and US Department of the Treasury’s Office of Foreign Assets Control (OFAC), as reported by Finance and Capital Market Commission (FKTK). “Two week ago a major increase of the frozen…
Global credit rating agency Standard and Poor’s (S&P) lowered Estonia’s economic outlook from “positive” to “stable” due to the impacts of Russia’s war in Ukraine. It did not change Estonia’s AA- status. The agency believes the war will impact Estonia’s economic growth and increase budget expenditures due to higher spending on defense, compensation of household…
Water consumers in Chisinau can activate the electronic invoice service. Apa-Canal Chisinau company announces that it makes available the payment option electronic invoice to water consumers in the municipality. “The electronic invoice is a facility made available to the water supplier’s customers so that everyone can quickly and securely benefit from the information related to…
The Lithuanian government plans to upgrade roads in the near future, using EU funds to ensure better mobility for military personnel stationed in Lithuania, the country’s Transport and Communications Minister Marius Skuodis has said. “We have received European funding of more than 60 million euros for military mobility connections, so we will soon launch a…
The electronic and audio books will be exempted from the value added tax (VAT). The parliament approved a draft law to this effect on April 1. Thus, the production of electronic and audio books, as well as the electronic and audio periodical publications, services of editing and the services concerning the copyright and other related…
The Lithuanian government is expected to unveil a plan of measure to cushion the impact of soaring energy, food and other prices for households and businesses. The government’s proposed 1-billion-euro measures include increasing pensions, compensation payments and other social benefits for the lowest earners, as well as raising the non-taxable income threshold. According to sources,…
Air Arabia, an Emirati low-cost airline, will resume flights to Georgia on July 16, Tbilisi and Batumi International Airports (TAV Georgia) report. The airline will operate flights on Abu Dhabi – Tbilisi – Abu Dhabi route three times a week. Air Arabia launched its first flight to Tbilisi International Airport in July 2021. (Trend/Business World…