Lithuania’s economic growth will slow down in the near future, but the country will avoid a recession, Prime Minister Ingrida Simonyte has said. “Considering what I see, what is being projected by those who have already published forecasts, we don’t see a negative territory so far,” she said. “However, the pace of economic growth will…
More and more citizens have started to install renewable energy systems, the most popular of which are photovoltaic panels. The government and the parliament have recently simplified the connection of installations of this kind to the national electricity system, in the case of own consumption, reducing the connection terms, the government’s communication and protocol department…
Grigeo Klaipeda, a Klaipeda-based cardboard producer that is part of the Grigeo Group, has halted production due to soaring energy prices. Gintautas Pangonis, the group’s president, says production at Grigeo Klaipeda has been suspended for a week, possibly two. He attributed the decision to suspend production for around two weeks to high electricity costs. (BNN/Business…
More than 14,600 Polish companies were written off the official registry in August, up by 6.9% MoM, the Central Statistical Office (GUS) reported. However, as many as 32,434 new companies were registered in August and the number was 4.5% higher compared to July, GUS said. There were about 619,400 companies with suspended operations as of…
As energy prices continued to rise, the Lithuanian government unveiled new crisis measures on September 7. As presented by Finance Minister Gintare Skaiste, one of the planned measures is the extension of the VAT relief for central heating. The zero-VAT rate is now planned for two heating seasons: from October this year until the end…
Three projects worth 1.2 million euros have been implemented by the Health Ministry with the support of the Czech Republic in the last years. A ceremony on the presentation of the project on the endowment with equipment of the Health Ministry’s Clinical Hospital, implemented with the support of the Czech government, took place on September…
Inflation will remain at a high level in the coming months but it should soon start declining owing to a drop in the annualised growth of energy prices, Adam Glapinski, governor of the National Bank of Poland (NBP), has said. Glapinski made the statement at a press conference on September 8, which followed the central…