The United Nations Development Program (UNDP) has launched an innovation competition for solutions aimed at harnessing renewable energy and stimulating innovations in the energy resilience, given the current energy crisis facing the Republic of Moldova. All proposals must be submitted until November 30. Through this competition, UNDP will finance renewable energy use solutions, encouraging partnerships…
Estonian state-owned postal service Omniva has unveiled its one-thousandth parcel machine in the Baltic States, which opened in the Lithuanian capital, Vilnius, on November 9. The latest addition is part of the expansion and renewal of the company’s network, which will see around 270 parcel machines being replaced or newly installed in the coming months.…
Lithuanian lawmakers on November 10 held their first hearing of the 2023 state budget bill and returned it to the government. Ministers will now look into MPs’ proposals and will later submit the adjusted budget bill to the Lithuanian parliament Seimas. According to Seimas Vice-Speaker Paulius Saudargas, the second hearing would take place no later…
The National Medical Insurance Company (CNAM) has allocated 469 thousand lei (about 24 thousand euros) from the prophylaxis measures fund for the procurement of the second batch of five thousand doses of rabies vaccine produced in India. It was stored at the national vaccine warehouse of the National Agency for Public Health. According to CNAM,…
Nearly two-fifths of residents in Baltic States invest in various financial instruments, according to results of SEB Bank’s Baltic residents survey. In Latvia 38% of residents are engaged in investments and 39% in Lithuania and Estonia. Latvian residents and Estonian residents are generally braver when it comes to investments, according to the survey. 14% of…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%, it announced on November 9, despite rising inflation. The National Bank of Poland’s Lombard rate remained at 7.25%, the rediscount rate at 6.80% and the discount rate at 6.85%. The RPP also left the deposit rate…
Lithuania expects trade with Taiwan to grow after it opened a Trade Representative Office in Taipei on November 7, Economy and Innovation Minister Ausrine Armonaite said. “Clearly, I would like to see higher trade volumes, but it’s only been a year since Lithuania deepened relations with Taiwan, so we expect that once the momentum picks…