Ukrainian Prime Minister Denys Shmyhal has named three possible sources of finance for a recovery fund for Ukraine after the war. “There are three possible sources of finance for the recovery fund for Ukraine,” Shmyhal said. According to him, one is Russian assets, now frozen in the West, which are believed to total at least…Details
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On April 26, Russia hit a railway bridge over the Dniester Estuary in Odessa region by a missile, the operative command of Ukrainian Armed Forces reported. The bridge was damaged. The fact was confirmed by Ukrainian Railways (Ukrzaliznytsia). The bridge connects Odessa and Bessarabia, where three Ukrainian seaports – Izmail, Reni and Ust-Danube – are…Details
Lithuania plans to acquire Jehu-class patrol boats from Finland, Lithuania’s Defence Ministry said on April 27. A procurement agreement is expected to be signed shortly. Deputy Defence Minister Vilius Sameska said these vessels would increase Lithuania’s coastal surveillance capabilities and fill the operational gap in the Curonian Lagoon. The two countries have also renewed the…Details
Councilors in the capital have made changes to Chisinau City Hall’s budget in terms of revenue and expenditure. The interim head of the General Finance Directorate of the Chisinau City Hall, Olesea Psenitchi, requested during a meeting of the Chisinau Municipal Council on April 27 to make changes to the capital’s budget. Thus, the revenues…Details
Ministry of Welfare offers giving pensioners in Latvia another single-time benefit in December, according to the ministry’s presentation published on the Saeima’s website regarding proposals for compensation of energy price rise for households. Pensioners whose pension is under EUR 300 are proposed to be given a EUR 200 bonus, whereas for pensioners whose pension is…Details
This year’s economic growth is expected to reach 3.8%, while annual inflation is to amount to 9.1%, according to a Finance Ministry macroeconomic forecast published on April 26. The government approved a multi-year financial plan for the years 2022-2025, part of which was an updated convergence program to be handed over to the European Commission…Details
Europe is facing sunflower oil shortages. Similarly to British supermarkets, Lidl likewise imposed purchase limits on cooking oil in its Estonian stores, but had since lifted them. The shortage and price increase on cooking oil, however, has put several Estonian food industry businesses in a bind. Until recently, Lidl had imposed a limit of five…Details