Lithuania has come in second in the Financial Times’ latest ranking of Europe’s financially and economically advanced and entrepreneurial cities. Vilnius was assessed in the general category of medium-size cities as part of the ranking, the Lithuanian capital’s development agency Go Vilnius said. Produced by the Financial Times’ investment arm fDi Intelligence, the European Cities…
The United Kingdom steps up funding for projects in support of Ukraine and its energy independence up to GBP 100 million. “When the Prime Minister visited Kyiv earlier this month, he announced the allocation of GBP 88 million to support Ukrainian democracy and energy independence. Today, I can announce the next component of our support:…
In October-December 2021, the amount of hryvnia funds of individuals in banks increased by 8.1% QoQ and by 15.3% YoY. This is said in the Banking Sector Review published on the website of the National Bank of Ukraine (NBU). The largest increase was recorded in private and foreign banks: by 41% YoY and by 22.4%,…
Lithuanian central bank has told the country’s commercial banks to prepare for possible power cuts and cyberattacks, as fears of Russia invading Ukraine continue to mount, Reuters has reported. Losing electricity and Internet access were “extreme but possible” scenarios that the Bank of Lithuania told the country’s banks to be ready for in a letter…
Latvian flag carrier AirBaltic will start operating direct flights from Riga to the Black Sea city of Batumi from May 2 with twice-a-week flights, TAV Georgia, the company operating two airports in Georgia, has announced. AirBaltic will perform flights to Batumi by Airbus 220 aircraft. Founded in 1995, AirBaltic has been operating direct flights to…
Under the influence of rebounding EU economy and high inflation the value of Latvian exports and imports reached records in 2021, official statistics showed. The Latvian Central Statistical Bureau wrote in a press release, that its provisional data showed that in 2021, Latvia exported EUR 16.49 billion worth of goods, EUR 3.19 billion or 24%…
The Competition Authority (Konkurentsiamet) has approved a 10% price hike for electricity grid distributor Elektrilevi’s connection fee. Elektrilevi has cited a rise in the cost of its transmission service as provided by electricity and gas supplier Elering, as well as a volatile electricity market and a 0.2% rise in the Competition Authority’s own fees. Mihkel…