Lithuania has signed a contract, worth 12 million euros, to build a workshop for infantry fighting vehicles (IFVs) in Rukla, Jonava district. The workshop, which would repair armoured tracked and wheeled vehicles, trucks and equipment, would be built in the territory of the Lithuanian Grand Duke Algirdas Mechanised Infantry Battalion, the Defence Ministry announced in…Details
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Drogerie dm, Germany’s largest chain of retail stores offering cosmetics and healthcare products, has opened its first shop in Poland. The first store opened in the western city of Wroclaw on April 21. The cost of the launch came to EUR 0.4 million. Drogerie dm will have to compete with fellow German firm Rossmann, which…Details
The European Commission has adopted its Partnership Agreement with Lithuania, laying down an investment strategy in the country worth 6.4 billion euros in cohesion policy funding for the period 2021-2027. Compared to the period of 2014-2020, the amount decreased by approximately one-fourth, according to Lithuania’s European Commissioner Virginijus Sinkevicius. “We received approximately 8.4 billion euros…Details
While recent decisions to end most coronavirus restrictions in Estonia have impacted online shops of major food retailers, volumes have stabilized at a higher level than previously, traders say. Companies invested heavily in e-platforms and home delivery when the coronavirus pandemic started and restrictions were strictest two years ago. E-commerce exploded and even though grocery…Details
As of April 22, 400 enterprise have been relocated from the combat zone under the evacuation program, 190 of them have already started work, Danylo Hetmantsev, the chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, has announced on Facebook. “We continue to work on the evacuation of enterprises from the combat…Details
G7 finance ministers pledged additional support to Ukraine exceeding $24 billion for 2022 and beyond, adding that they were prepared to do more as needed. In a statement, the ministers said they regretted Russia’s participation in international forums, including G20, International Monetary Fund and World Bank meetings this week. “International organizations and multilateral fora should…Details
Poland’s industrial output rose by 17.3% YoY in March, the Central Statistical Office (GUS) reported on April 21. Month on month, industrial output increased by 18.2%. Economists polled by PAP expected March’s manufacturing to grow by 12.3% YoY and by 13.6% MoM. Seasonally adjusted industrial production went up by 17.2% YoY and by 2.1% MoM…Details