Lithuania’s budget for 2023 was planned with 3% of GDP allocated to defence spending. However, the plans had to be adjusted due to the energy crisis, Defence Minister Arvydas Anusauskas said on October 13. “We had plans for 3%. That plan has not disappeared anywhere, but after that plan was drawn up, the energy crisis…Details
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Moldova will be able to buy electric energy from Romania at a price of 450 Romanian lei/MWh (about 90 euros/MWh), due to amendments to the legislation made by the Romanian government on October 13, following discussions with the Moldovan Cabinet. According to Deputy Prime Minister, Infrastructure and Regional Development Minister Andrei Spinu, Romania helps Moldova…Details
Poland’s special-purpose development bank BGK has been actively trading on the FX market, increasing its activity in recent days to limit the weakening of the Polish currency, financial market insiders have said. “BGK has certainly been present regularly since the onset of the war,” one insider said, referring to Russia’s war on Ukraine. At first,…Details
Lithuania will send self-propelled mortars and armoured vehicles, as well as other necessary equipment, to Ukraine, Lithuania’s Defence Ministry has said. “Lithuania continues and will continue to support Ukraine. We will provide the Ukrainian army with winter clothing and winter equipment, we will allocate additional funds for next year’s material support, we will provide 120…Details
Poland is mulling a windfall tax and if a decision is made to implement it, the resolution will target particular sectors and not all companies, government spokesperson Piotr Mueller has said. “It does happen that some companies, given the international situation, generate higher profits than they would from natural economic activity, and we have not…Details
Lithuania is providing 5 million euros through the World Bank for urgent reconstruction work in Ukraine, the Finance Ministry has said. The Ukraine Relief, Recovery and Reconstruction Trust Fund (URTF) was set up by the World Bank to help finance immediate recovery efforts in the country. “To ensure that financial assistance reaches Ukraine as quickly…Details
Georgian external trade turnover amounted to billion in January-September, up by 35.3% YoY, the National Statistics Office revealed on October 13. Trade deficit reached $5.41 billion, and the share of trade turnover hit 39.8%. Last year Georgia’s exports totaled $4.24 billion, while imports reached $10 billion. The total turnover was $14.31 billion, while the trade…Details