Estonian renewables generator Enefit Green is in the process of developing a wind farm in Lithuania, which will be the largest the company operates, and is scheduled to start production in April 2023. Enefit Green is a subsidiary of state electricity generator Eesti Energia. The 75 MW development is under construction in Akmene, in northern…
On September 8, a meeting of the Ukrainian part of the Ukrainian-Polish Intergovernmental Commission on Economic Cooperation was held under the chairmanship of Iryna Vereshchuk, Deputy Prime Minister and Minister for Reintegration of the Temporarily Occupied Territories of Ukraine. The parties discussed the main prospective directions of Ukrainian-Polish cooperation within the framework of the preparation…
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…