The government earmarked 6 million euros for Lithuanian businesses affected by China’s restrictions. Finance Minister Gintare Skaiste said the money would help businesses boost their competitiveness and diversify markets. “Given the geopolitical tensions and the problems businesses are facing in China today, especially exporting businesses, we propose to provide 6 million euros from the European…Details
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Uzbekistan’s Uzbekneftegaz JSC and the Oil and Gas Research and Design Institute of Azerbaijan’s state oil company SOCAR discussed the possibilities of joint implementation of projects in Uzbekistan. Reportedly, Chairman of the Board of Uzbekneftegaz Mehriddin Abdullayev and Director General of SOCAR’s Oil and Gas Research and Design Institute Fakhraddin Ismayilov held a meeting to…Details
In 2021, Ukraine has received almost $2.5 billion from international financial organizations. “In 2021, we have continued to actively cooperate with international financial organizations and this year Ukraine received significant support from international partners, which shows confidence in Ukrainian institutions. In total, Ukraine has received almost $2.5 billion from the IMF, European Union, World Bank,…Details
Ukraine: gas deal signed with Hungary Gas TSO of Ukraine and FGSZ, Hungary’s gas transmission system operator, have concluded an agreement for the supply of a guaranteed volume of natural gas from Hungary to Ukraine starting from January 1, 2022, Sergiy Makogon, CEO Gas TSO of Ukraine, LLC, has announced. “I have good news on…Details
Lithuanian Economy Minister Ausrine Armonaite said she had no information on investors leaving Lithuania because of its soured relations with China. “We have information on investors’ concerns, but no investor has left Lithuania or has real plans to do so in the near future,” Armonaite said during the Government Hour in the Lithuanian parliament on…Details
Because of the rising costs of raw materials and energy resources the situation in the dairy industry is currently tragic, as dairy companies are forced to work below operating costs and there is a risk of multiple businesses going bankrupt, admits the board chairman of Latvian Dairy Committee (LPCS) Janis Solks. “It’s not just serious…Details
Tartu’s city government has approved a EUR 212.8-million budget for 2022. Education features prominently, while Estonia’s second city is also seeing investment in infrastructure and in preparations for its stint as European culture capital in 2024. The budget is slightly down on 2021’s figure of EUR 215 million. Total investments come to EUR 33.6 million,…Details