A ban on transporting Russian coal and solid fuel through the EU came into force on August 10 under the EU’s fifth sanction package. However, the ban is subject to an exception in Lithuania under the European Commission’s clarification. A limited amount of sanctioned products can be transported by rail between mainland Russia and the…Details
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According to the draft law No. 7644 on amendments to the 2022 State Budget, tabled in the Verkhovna Rada, expenditures will be increased by UAH 270.2 billion, of which UAH 269.5 billion will go to security and defense. That’s according to the Verkhovna Rada press service, citing Danylo Hetmantsev, head of the Committee on Finance,…Details
Turkey’s Baykar Makina has already set up its own company in Ukraine, purchased a plot of land, developed a project for a Bayraktar UAV production plant and intends to implement the project in Ukraine, Ukraine’s Ambassador to Turkey Vasyl Bodnar has said. “The plant will be built. A week ago, the government approved a bilateral…Details
Small and medium-sized enterprises (SMEs) will benefit from support for business re-engineering and the implementation of energy efficiency measures, based on a program developed by the Ministry of Economy and launched on August 9 in an event at the Technical University of Moldova. This program will help SMEs to increase their competitiveness and productivity by…Details
Lithuania, which is buying Switchblade combat drones from the United States, will get additional drones in the form of support, Deputy Defence Minister Vilius Semeska has announced. “Regarding Switchblades, decisions have already been made, and we are waiting for a contract. We have already got consent enabling us to receive the technology, and we are…Details
Commercial advertising income of the Georgian television and radio broadcasters equaled GEL 19 million ($7 million) in the second quarter of 2022, down by GEL 4.1 million ($1.5 million) or by 17.5% YoY, the Communications Commission announced on August 9. Naming the recent ban of gambling ads as the main reason for the reduction in…Details
The number of companies going bankrupt in Lithuania is on the rise and is set to increase even further, as the pandemic business support measures expire. “A restaurant has only a 25% chance of surviving five years after opening,” says Deivydas Praspaliauskas, founder of the Amandus restaurant in Vilnius. Before the pandemic, a third of…Details