The Lithuanian parliament has passed new legislation to make more people eligible for heating subsidies in an effort to cushion low-income households against an expected surge in heating bills. The parliament, Seimas, adopted the amendments to the Law on Cash Social Assistance for Low-Income Families on December 7 with 117 votes in favour, none against…
Members of the Committee on Economic and Fiscal Policy of Kyrgyzstan approved the new Tax Code in the third reading. The head of the committee Salaydin Aidarov noted that the document was adopted taking into account editing corrections. Proposals of the members received after the deadline were not taken into account. Parliamentary members also supported…
Georgian Prime Minister Irakli Garibashvili has stated that the government plans to invest 100 million GEL (about $32,292,440 or EUR 28,577,144) in the development of Georgian basketball. During a meeting with Georgian Basketball Federation President Paata Guraspauli, Garibashvili noted that the launch of a basketball development program for the “popularization of basketball” was also on…
On December 6, EU Employment, Social Policy, Health and Consumer Affairs Council passed a historic agreement on the European Commission’s proposed directive on adequate pay in the EU, as reported by Latvian Ministry of Welfare. Considering the directive’s proposed mechanism for calculation of minimal wage, it may have to increase from the current EUR 500…
The state-owned energy group Eesti Energia has started up all its production capacities due to the increased demand for electricity, but this will not help bring the current extremely high stock exchange prices down. Eesti Energia spokesperson Priit Luts confirmed that the Narva power plants did not contribute to the formation of the high prices.…
Deputy Minister of Foreign Affairs of Ukraine (CDTO) Dmytro Senik presented the economic potential of Ukraine to the leadership of the Oman Chamber of Commerce and Industry. “The visit of the Ukrainian business mission to the Sultanate of Oman, which began on December 6, is provided by the Exporters and Investors Council (EIC) under the…
In November, 1,429 new commercial vehicles were purchased and registered on the Ukrainian market, up 1.5-fold YoY, according to the Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom). Citroen vehicles experienced the biggest demand in November. Ukrainians purchased 272 commercial vehicles of this brand, up almost 3-fold. The second in terms of sales was Renault (234 vehicles…