Economists warn that the coming autumn and winter should be spent preparing for hard times: unemployment and bankruptcies are likely to increase, as wages are set to stagnate. The Food Bank is already reporting an increase in demand. Emilija from Panevezys in northern Lithuania adds 500 euros to her retirement pension by selling flowers. Now,…
The tariff for one travel in the public transport from Chisinau will be 6 lei starting from July 1. The Moldovan capital’s city hall made statements to this effect, after the Chisinau Municipal Council (CMC) approved the methodology of calculation of the tariff for one travel by the municipal public transport. Under the decision, the…
“If Europe ceases using Russian gas or Russia stops supplying gas to Europe and/or Latvia fails to secure alternatives to Russian gas, the gas price for households will increase again next year,” Swedbank senior acting economist in Latvia Agnese Buceniece has said. “But if these scenarios do not come true, we can expect the gas…
The Prisma chain of supermarkets planned to open a new shop in Saue this year but price advance caused the developer to ax the project, with the chain now looking for a new location for the supermarket. The Saue Municipality said that Saue EPT, which was the developer for the Prisma supermarket building in the…
According to preliminary forecasts, the potential production of grain on the existing sown areas in Ukraine will be 48-50 million tons. “In Ukraine this year, the end of sowing campaign actually coincided with the start of harvesting campaign. On June 9, the southern areas of Odesa region began harvesting winter barley. We already have the…
The duty-free regime with the UK will soon be launched and trade liberalization with Australia is expected. “We will continue to work to facilitate access of Ukrainian goods to all important markets around the world. Customs duties on trade with the European Union have already been abolished. The United States already applies a duty-free regime…
Looking at the perspectives for development of Latvia’s economy, Latvian Chamber for Commerce and Industry (LTRK) does not approve of switching to a four-day work week, according to LTRK representatives. The organisation notes that if people want to live in a wealthy country, there are only two options – work more or work more productively.…