Lithuania’s LNG terminal can provide the country with alternatives for Russian gas supply, but its dependence on electricity imports from Russia is “a major problem”, says Lithuanian EU Commissioner Virginijus Sinkevicius. The country should speed up its plans to disconnect from the Russia-dominated network and synchronize its grid with those of Western Europe, he said…
The trade turnover between Georgia and Uzbekistan in January totaled $11.1 million, up by 101.8% YoY, the National Statistics Office (Geostat) reported. In particular, Georgia’s imports from Uzbekistan amounted to $2.6 million, up by 179.6%. Georgia’s exports to Uzbekistan in January 2022 amounted to $8.5 million, up by 86.8%. According to Geostat, Uzbekistan ranked 10…
The state will buy out grain and other food stocks in scope of the annual consumption throughout the country at the expense of the state budget. “We create a food reserve. The state will buy out grain and other food stocks in scope of the annual consumption throughout the country at the expense of the…
The World Bank has approved an additional support package for Ukraine of more than $700 million. The World Bank’s Board of Executive Directors approved over $489 million of the Development Policy Loan, called Financing of Recovery from Economic Emergency in Ukraine (FREE Ukraine) between Ukraine and the International Bank for Reconstruction and Development. In particular,…
The government has approved the increase in the quantum of minimally guaranteed salary in the real sector up to 3,500 lei from April 1. The decision was taken following consultations with social partners, at the tripartite dialogue on the platform of the National Commission for Collective Consultations and Negotiations (CNCNC). According to the government’s communication…
The Lithuanian government may delay presenting a planned tax reform and, even if the bill reaches the parliament during its spring session, implementing the changes may be pushed back until a much later date. Prime Minister Ingrida Simonyte said that she basically agreed that “such issues must be discussed rationally and pragmatically, considering the evolving…
Tourism rose by 64% YoY in January, state agency Statistics Estonia reports. Tourist numbers rose both for foreign tourists, exiting the Covid pandemic, and domestic travelers, with Latvia providing more visitors than any other country. Over 158,000 tourists stayed in hotels, hostels, guest houses and other accommodation establishments in January, the agency reported. While the…