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Author Archives: admin

Estonia: cheaper raw materials do not mean cheaper cooking oil

EstoniaBy admin2022-07-14Leave a comment

Over the past two months, the price of the raw material used to produce rapeseed oil has decreased by nearly EUR 200 per ton, or up to one third. Rapeseed oil prices on store shelves, however, won’t be following suit. According to Talis Raak, head of purchasing at Rimi, the retail price of cooking oil…

Lithuania: queues form on border with Russia and Belarus

LithuaniaBy admin2022-07-14Leave a comment

As part of the implementation of EU sanctions, 34 freight vehicles were refused entry from Russia to Lithuania on July 11. Long queues of trucks are also forming at Lithuania’s border with Russia, as the restrictions gradually cover more and more goods bound for Kaliningrad. Freight vehicles are also queuing at the border with Belarus,…

Ukraine: Lithuania invited to join 600 promising investment projects after victory

UkraineBy admin2022-07-14Leave a comment

Ukraine invites Lithuanian businesses to participate in measures to restore and rebuild the Ukrainian economy after the victory in the war. A total of 614 promising projects have been prepared for investment. “After the victory of Ukraine, economic relations with Lithuania should reach a new level. It is about close economic cooperation and the participation…

Ukraine: $1.7-billion grant received from U.S.

UkraineBy admin2022-07-13Leave a comment

The United States has transferred another $1.7 billion in grant assistance to Ukraine, Ukrainian Prime Minister Denys Shmyhal has written on Twitter. “$1.7 billion of grant aid came to the Ukrainian budget from the Trust Fund of the World Bank and the U.S. Agency for International Development. This is the second US grant in the…

Moldova: export of sweet cherries and cherries records growth

MoldovaBy admin2022-07-13Leave a comment

The export of sweet cherries and cherries from Moldova has recorded an increase of more 2-fold this year. According to the Customs Service (SV), the export of sweet cherries grew by 117% and of cherries – by 99%. Thus, economic agents exported more than 12,000 tons of sweet cherries (about 640 trucks) and over 3,000…

Baltic States: food product price comparison reveals curious differences

BalticsBy admin2022-07-13Leave a comment

In April-June, food product prices increased in all three Baltic States. Food products are more expensive in supermarkets in Riga when compared to neighbouring countries, according to data from the head of Agricultural Market Promotion Department of the Institute of Agro-Resource and Economics Inguna Gulbe. “Baltic States are no exception, similarly to the rest of…

Lithuania: court rejects Russia’s claim over Snoras bank nationalisation

LithuaniaBy admin2022-07-13Leave a comment

The ICC International Court of Arbitration has refused to hear a lawsuit filed by Russia’s Fund for Protection of Investors’ Rights in Foreign States against Lithuania on more than 1 billion euros in damages over the nationalisation of the Snoras bank. The bank collapsed in 2011 and the Lithuanian government nationalised its shares from its…

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