The state-owned company Lithuanian Railways (LTG) has received a letter from the Council for Rail Transport, which brings together 20 railway companies from various countries, confirming a ban on the transit of rail freight from Lithuania via Belarus. The ban will take effect on February 7 and will apply to shipments of oil products and…Details
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Ukraine imported $8.2 billion worth of agricultural products in 2021, up by 19% YoY. This information was provided by Mykola Puhachov, deputy director of the National Scientific Centre “Institute of Agrarian Economics (IAE)” with reference to the State Customs Service. In 2021, the EU countries remained the main supplier of agricultural products to Ukraine. The…Details
Ukraine is interested in developing trade, economic and investment cooperation with the Netherlands. “We are interested in developing trade, economic and investment cooperation. Our trade turnover has exceeded EUR 2.5 billion but we want much more,” President of Ukraine Volodymyr Zelensky said at a joint briefing with Prime Minister of the Netherlands Mark Rutte. He…Details
Tbilisi transport authorities have assigned new minibuses to 11 routes in the capital city where public transportation has not been available, mayor Kakha Kaladze unveiled on February 2. The new routes in the city where the fresh fleet will now operate include: Avshniani settlement, settlements behind the 4th and 8th Gldani Microdistricts, settlements surrounding the…Details
The bank business model change process is not over in Latvia, says the chairperson of Latvian Finance and Capital Market Commission (FKTK) Santa Purgaile. She said several years ago it became clear a number of banks in Latvia would need to transform, change their business model and strategy. It was also clear not all banks…Details
The total production of industrial enterprises in 2021 was 6.4% bigger than the year before, data from Statistics Estonia showed. Of the three main industrial sectors, production increased by 19.2% in energy production and by 6.4% in manufacturing, but decreased by 15.7% in mining. The coronavirus crisis, which began in 2020, disrupted the regular production…Details
Statistics Lithuania has published a summary of key economic indicators for the previous year. In 2021, wages in Lithuania increased, but most of the effect was cancelled out by inflation. Lithuania’s GDP in 2021 was 55.4 billion euros. It increased by 5.1% from the year before. Among sectors that grew the most last year were…Details