Banks operating in Lithuania may be granted exemptions and allowed to handle payments for the Kaliningrad transit service, the Lithuanian Financial Crime Investigation Service (FNTT) has said. “The FNTT is guided by directly applicable EU regulations, European Commission’s guidelines, which state that sanctions do not apply to the transit of goods by rail between mainland…
As part of his working trip to Cherkasy region, Prime Minister Denys Shmyhal visited one of largest power generating enterprises Centerenergo. The Head of Government has accentuated it is crucial to complete all current repair activities at the enterprise before the start of the heating season. “We are preparing for one of the most difficult…
Ukrainian oilseed industry is export-oriented, and logistical problems since the beginning of the war in the country have primarily affected prices, demand and exports, oilseed analyst of APK-Inform Svitlana Kyrychok has noted. According to her, not only the volumes and pace of shipments have changed, but also the structure of exports itself. “Last year, Ukraine…
A proposal to ban Lithuanians from doing any business with Russia may bring unintended secondary effects, warn industry representatives. Few firms trade with Russia, they say, but many need to transit the country to bring their goods to Asia. In the wake of Russia’s invasion of Ukraine, thousands of foreign companies have suspended operations in…
The first quantities of early Moldovan plums, from the 2022 harvest, were exported during July, the Moldova Fruit Association announced. According to the Association, more than 3,400 tons of plums reached consumers in 11 countries of the world: Germany, Austria, Poland, Holland, Romania, Russia, etc. “During the same period last year, a little over a…
Poland’s State Treasury will buy out shares in the Polish Mining Group (PGG), Europe’s biggest coal mining conglomerate, from four shareholders in which the Treasury has stakes. The State Treasury will buy 20.43% of shares in PGG from PGNiG Termika, 15.32% of shares from PGE Gornictwo i Energetyka Konwencjonalna, 7.66% from Enea and 15.32% from…
Lithuania will shut part of the Vilnius-Kaunas motorway until August 6 morning, the Road Directorate has announced. People travelling from Vilnius to Kaunas between 23:00 and 06:00 will have to divert at Vievis to take the regional road No 4714. The road closure is due to the implementation of reconstruction works on the interchange, the…