The Finance and Capital Market Commission (FKTK) has permitted the merge of Signet Bank and Expobank, as confirmed by the commission. The Council of FKTK permitted the acquisition of Signet Bank’s shares by Expobank. This means as of July 11, operations of both banks are united in a single institution. From now on all operations…Details
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A Bayraktar drone crowdfunded by people in Lithuania has already been delivered to Ukraine, Lithuanian Defence Minister Arvydas Anusauskas has said. “The Ukrainians have announced that they have received the Bayraktar Hawk from us,” Anusauskas said in a Facebook post on July 8. Crowdfunded during a campaign by Laisves TV and Andrius Tapinas, the drone…Details
A solar power plant has been installed in central Georgia’s Gori municipality to provide free-of-charge electricity to internally displaced persons in two villages in Georgia, with Lithuania’s Environment Ministry funding the initiative. Local media reports said the plant was expected to provide “free, ecologically clean and safe” electricity for families displaced from Georgia’s Russia-occupied regions,…Details
Russia-origin cement and alcohol had been banned from transiting Lithuania, the Customs Department said on July 11. The restrictions came into effect on July 10 after the expiry of a transitional period as part of the fifth package of EU sanctions against Russia, the department said. On June 17, steel and other ferrous metals were…Details
This May, Estonia’s exports of goods increased by 31% and imports by 33% YoY, with trade growing with most of Estonia’s primary trading partners, Statistics Estonia said on July 11. Estonia’s goods exports amounted to EUR 1.9 billion and imports to nearly EUR 2.2 billion at current prices. The trade deficit stood at EUR 265…Details
Lithuania’s state-owned energy group Ignitis said it was hit by “the biggest cyber attack in a decade” on July 9. Ignitis said it had experienced DDoS attacks, affecting the operation of its websites and digital services. However, the attacks were taken under control until noon the same day. “There were no recorded hacks into the…Details
The Council of Europe Development Bank (CEB) gave Ukraine the green light to join and allocated funds to support Ukrainian refugees in Europe. “The Council of Europe Development Bank adopted a decision on special conditions for Ukraine to acquire membership in this financial institution as soon as possible. CEB also allocated funds to support Ukrainian…Details