Minister of Finance Keit Pentus-Rosimannus (Reform) said that the government was prepared to put together a supplementary state budget to cover expenses on security, growing subsistence benefits in the conditions of inflation and refugees. Supporting refugees in education is estimated to cost dozens of millions of euros. The finance minister said that the war in…
On March 17, the Lithuanian parliament Seimas unanimously approved a proposal to increase this year’s national defense funding to 2.52% of GDP. The 2022 budget amendment, allocating 298 million euros in additional funding for national defense, passed the Seimas with 123 votes in favour, none against and none abstentions. The amendment allows the state to…
The National Bank of Georgia (NBG) has denied the information on an alleged termination of financial transfers from European countries to Georgia, calling it a “lie and an attempt to mislead the citizens”. A statement by the bank said the rumour followed information from a single Swedish bank about termination of transactions to Georgia, and…
In the context of the sanctions imposed by the EU and US Department of the Treasury Office of Foreign Assets Control (OFAC), banks in Latvia have frozen funds worth approximately EUR 11.5 million, as reported by Finance and Capital Market Commission (FKTK). According to FKTK, banks in Latvia have identified two private persons who are…
Taking into account the current military-political situation, Ukraine International Airlines extends the suspension of regular and charter flights from/to Ukraine until 23:59 April 15, Kyiv time. UIA emphasizes that it stays in touch and will continue to stay in touch with the Ministry of Foreign Affairs of Ukraine, the Ministry of Infrastructure of Ukraine. Given…
Ukraine exported 18 million tons of wheat in 2021-2022 MY. It has 15 million tons of wheat left in the country, declared Mykola Gorbachev the president of Ukrainian Grain Association on March 15. “Minus 4 million tons Ukraine consumes per year, and we still have stocks sufficient for 3 years. Even if we do not…
Due to the war in Ukraine, JSC Daugavpils Lokomotivju remonta rupnica (DLRR) will be forced to lay off at least 300 workers. On top of that, in the future there is a possibility of freezing or shutting down operations entirely, according to DLRR representatives. The company notes that since the end of February, DLRR’s financial…