The Polish e-commerce market is expected to expand to twice its current size until 2027 and its share in total retail sales is likely to reach 17% in five years’ time, a new report has found. The electronic commerce market will grow by more than PLN 94 billion in value (EUR 19.6 billion) over the…
Only 15% of all goods transiting Lithuania to Russia’s exclave of Kaliningrad are affected by sanctions, Lithuanian Railways (LTG) said on July 11. “Out of this volume, ferrous metals comprised up to 9% of the total transit cargo traffic between mainland Russia and Kaliningrad, cement accounted for 3%, alcohol products – 1.4% and timber products…
The number of new job offers in Poland has fallen for the second month in a row, compared to the same period of 2021, a report has revealed. Grant Thornton’s and Element’s report, published on July 11, found 288,000 new job offers published on the 50 biggest recruitment websites in June, down by 8% YoY…
The Finance and Capital Market Commission (FKTK) has permitted the merge of Signet Bank and Expobank, as confirmed by the commission. The Council of FKTK permitted the acquisition of Signet Bank’s shares by Expobank. This means as of July 11, operations of both banks are united in a single institution. From now on all operations…
A Bayraktar drone crowdfunded by people in Lithuania has already been delivered to Ukraine, Lithuanian Defence Minister Arvydas Anusauskas has said. “The Ukrainians have announced that they have received the Bayraktar Hawk from us,” Anusauskas said in a Facebook post on July 8. Crowdfunded during a campaign by Laisves TV and Andrius Tapinas, the drone…
A solar power plant has been installed in central Georgia’s Gori municipality to provide free-of-charge electricity to internally displaced persons in two villages in Georgia, with Lithuania’s Environment Ministry funding the initiative. Local media reports said the plant was expected to provide “free, ecologically clean and safe” electricity for families displaced from Georgia’s Russia-occupied regions,…
Russia-origin cement and alcohol had been banned from transiting Lithuania, the Customs Department said on July 11. The restrictions came into effect on July 10 after the expiry of a transitional period as part of the fifth package of EU sanctions against Russia, the department said. On June 17, steel and other ferrous metals were…