Industrial parks will finally start operating in Ukraine. In the next three years, the state will help build infrastructure for 25 industrial parks, which would attract $2.5 billion in additional investments to Ukraine. “Last week, the necessary documents were sealed, including the procedures for including in and maintaining the register of industrial parks. The inclusion…
Ukraine has secured the European Commission’s support for its efforts to synchronize its national power system with the European Union’s ENTSOE and is moving steadily toward completing the process in 2023. Minister of Energy of Ukraine, Herman Galushchenko, addressed the issue in Brussels, speaking with journalists following the talks with European partners. “Technical issues are…
Latvia’s Saeima has conceptually supported amendments submitted by deputies of several factions to the Animal Protection Law, providing for severely restricting fur farming from January 1, 2026. Law amendments provide for banning animal husbandry if the purpose of keeping animals is collecting their fur pelts. Saeima member Krista Baumane said during the debates that many…
Lithuania will hand over 24 thermal sights to Ukraine’s special forces, the country’s Defense Ministry reports. “Under the plan, these will be mobile thermovisual surveillance devices,” the ministry said, adding that the devices were valued at over 340,000 euros. The ministry also confirmed that Lithuania would soon start handing over weapons to Ukraine, but refrained…
Latvia’s President Egils Levits urges the Saeima to amend the law so that it is possible to cease providing state budget financing to political parties whose Saeima factions fall apart. Levits’ proposed legislative amendments provide for giving Corruption Prevention and Combating Bureau (KNAB) the authority to make the decision to terminate payment of state budget…
The construction price index grew by a record amount in the fourth quarter of 2021 – by 14.7% YoY, state agency Statistics Estonia reported. Over the whole year, the index rose by 8.3%, while the growth between Q3 and Q4 2021 stood at 3%. Statistics Estonia analyst Ulo Paulus said: “Compared with the average for…
The Bank of Lithuania has calculated the possible impact that China’s unannounced economic sanctions could have on the country’s economy. China’s restrictions on Lithuanian businesses might lead to the country’s GDP growth decreasing by 0.1% to 0.5% in 2022 and by 0.3% to 1.3% next year, according to the Central Bank’s estimates. Based on the…