Lithuania plans to spend more than 1 billion euros on purchasing weapons from the US and Germany over the next couple of years, the Defence Ministry says. The United States and Germany are the main sellers of weapons for the Lithuanian military, which has spent 0.5 billion euros on purchases from the US and almost…
The Polish labour market will be able to absorb the huge influx of Ukrainian refugees, the central bank president has said. Over 2 million people had crossed into Poland from Ukraine since the start of the Russian invasion, but Adam Glapinski said the Polish economy was strong enough to employ the majority of the Ukrainians.…
The government has approved a new sanction on possibilities of Russian and Belarusian citizens to work or engage in enterprise in Estonia and will stop issuing corresponding visas and residence permits, the Government Office reports. Minister of the Interior Kristian Jaani (Center) said the sanction aimed to remove the discrepancy wherein international and national sanctions…
Nord Security, a cyber security tech firm that is behind NordVPN, has become Lithuania’s second company to be valued at over $1 billion after attracting an investment of $100 million. Founded in 2012, Nord Security is now valued at $1.6 billion. This makes the company Lithuania’s second unicorn, after the clothing resale platform Vinted. According…
Russian ships currently being repaired at the Izmail shipyard will soon be forcibly seized in favor of Ukraine. This was announced by the head of the Odesa Regional Military Administration, Maksym Marchenko. “As for the Russia-flagged ships, which are currently at the shipyard in the city of Izmail, the Cabinet of Ministers will soon decide…
Over the past three days, 10 new blows have been inflicted on Russia’s economy and influence abroad. “Here are 10 new blows on Russia’s economy, financial system, trade and remnants of Russia’s influence abroad inflicted in just these three days,” Minister of Foreign Affairs of Ukraine Dmytro Kuleba posted on Facebook. In particular, according to…
Compared to February, consumer prices in Latvia might have increased by 2.8-3% in March. This means that compared to March 2021 inflation in the country might have reached 11-11.2% in March 2022, according to bank analysts. Swedbank economist Laura Orleane predicted that in March consumer prices might have increased by 3% when compared to February.…