Lithuania’s central bank head has welcomed President Gitanas Nauseda’s recent proposals to increase the incomes of low-earners. However, he is more critical of the government’s proposal to temporarily cut the value added tax on central heating. The measure is “a good thing”, Gediminas Simkus said, pointing out that other EU member states had also taken…
The planned increase in the ticket price for ferries to Estonia’s largest islands, Saaremaa and Hiiumaa, may affect their tourism sectors, mayor of Saaremaa Madis Kallas says. While the increase in the price of a large commercial ferry trip back and forth could be 2 euros more than at present, the biggest jump in the…
About 54.5 million lei will be allocated this year from the National Fund for Regional Development (FNDR) in order to implement nine projects in the Southern Development Region, which are found in the Program Document 2022-2024. The decision was taken at a meeting of the National Council for the Coordination of Regional Development (CNCDR), which…
The Consumer Price Index in Georgia increased by 1.1% in January compared to the previous month, while the annual inflation rate stood at 13.9%, the latest inflation data of the National Statistics Office of Georgia (Geostat) showed. “With regard to annual core inflation, excluding food and non-alcoholic beverages, energy, regulated tariffs and transport, prices increased…
New rules to help bring foreign labor to Estonia and help the IT industry recruit have been agreed upon by the ministries of interior and economic affairs. The new rules affect the Aliens Act and the hiring of highly skilled workers from outside the European Union. Laura Laaster, spokeswoman for the Ministry of Economic Affairs,…
Lithuanian President Gitanas Nauseda proposed raising the non-taxable income threshold to 510 euros, from the current 460 euros, in an attempt to help people cope with high inflation. He has also called for one-off payouts to the most vulnerable. “This is a measure aimed at people with the lowest incomes. It is a targeted and…
As part of a Free Trade Area (FTA) Agreement, Ukraine and Turkey have agreed on the full liberalization of motor transportation services. “Within the framework of the FTA Agreement, a historic agreement on the full liberalization of road transportation services has been reached. Restrictions on Ukrainian motor carriers on the Turkish market will be lifted…