Georgian Prime Minister Irakli Garibashvili and members of the Government’s Economic Council met on May 14 to review steps and measures to be made towards ensuring growth in the country. Garibashvili said Georgia was experiencing a “double-digit” growth and while the tourism sector had recovered by almost 70% compared to the pre-pandemic year of 2019,…
A drop in passenger rail traffic was recorded during the COVID-19 pandemic, when related restrictions were imposed throughout Estonia. In mid-March, however, the government began walking these restrictions back, and rail ridership began to see an increase again. “It’s possible that a few weeks ago there were still somewhat fewer riders than in 2019, but…
A working group on May 13 finalised a cross-party agreement on beefing up Lithuania’s national security. The final draft excludes commitments to introduce universal military service and a specific percentage of GDP to be spent on defence, as previously expected. The agreement, to be signed by all parties represented in the Lithuanian parliament, is meant…
Lithuania was a dairy powerhouse before the Second World War. One family from Panevezys is now trying to bring that heritage back to life. There were almost 300 dairy plants in Lithuania in the 1930s, and about 2,000 more milk-skimming stations, according to Alfredas Bumblauskas, history professor at Vilnius University. They processed about 500 million…
No consent of the Russian Federation is required to make them pay reparations to Ukraine. It is possible to reimburse Ukrainian losses after the war at the expense of seized Russian assets. This was announced by the Chairman of the Verkhovna Rada, Ruslan Stefanchuk. He said that the government was currently doing a lot of…
Ukraine has stockpiled the necessary food products, but due to the ongoing war and the inability to export Ukrainian agricultural products, issues may arise in a number of countries. That’s according to a Minister of the Cabinet of Ministers, Oleh Nemchynov, who spoke at a national telethon. “We have repeatedly said that Ukraine has stocks…
SEB has revised its forecast for Lithuania’s GDP growth in 2022 up to 0.9% from 0.1% in late March, and has raised its projection for 2023 to 1.8%. SEB Lithuania’s economist Tadas Povilauskas says that the upward revision reflects expectations of a less sharp economic downturn in the second quarter, as well as a positive…