In February, the producer price index (PPI) of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 0.8% MoM and by 26.3% YoY, Statistics Estonia said on March 21. Eveli Sokman, leading analyst at Statistics Estonia, said that, compared with…
Several dozen Taiwanese officials, businesspeople and scientists started their visit in Lithuania on March 21, as the two countries looked to expand economic cooperation in areas like semiconductors. They are scheduled to meet with Lithuanian business and government representatives and discuss specific locations where joint semiconductor and other companies could be set up in Lithuania,…
The foreign direct investments (FDIs) in Georgia in 2021 amounted to $1.1 billion, up 2-fold YoY, the National Statistics Office (Geostat) reported. In particular, the FDIs in Georgia in the fourth quarter of 2021 amounted to $411.3 million, up by 35.3% QoQ. Meanwhile, the re-investments in total FDIs in Georgia in 2021 amounted to $760.5…
The Government abolished measures of state control and market surveillance during martial law. From now on, both scheduled and unscheduled business inspections are halted. This will ensure the stable operation of enterprises under martial law. At the same time, if there is a threat to human rights, legitimate interests, life and health, protection of the…
The International Grains Council (IGC) cut its forecast for Ukraine’s grain exports in the current 2021-2022 season, noting ongoing conflict in the country had fuelled concerns about potential food security risks, Reuters informed. Ukraine’s grain exports were revised to 47.8 million tons, sharply down from last month’s forecast of 62.8 million tons with the council…
Global shipping giant Mediterranean Shipping Company (MSC) has included the seaport of Klaipeda in its maritime route connecting Lithuania with Latin America. The route will link Klaipeda directly with ports in the Dominican Republic, Costa Rica, Peru, Colombia and other countries. Last July, MSC included the Lithuanian seaport in its route linking Western Europe with…
Following war in Ukraine, the central Bank of Lithuania will revise the existing growth forecasts for this year, its board chairman Gediminas Simkus has confirmed, adding that new estimates will be released on March 22. Inflation is now being affected by changes in the international environment, the central banker said. Annual inflation in Lithuania reached…