Teltonika Telemedic, a company that is a part of the Lithuanian high-tech group Teltonika, has completed another stage in the development of its artificial lung ventilator and plans to launch its serial production until 2024. The company says the latest version of its prototype has already been tested by doctors at Vilnius and Kaunas clinics,…Details
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Poland’s inflation, which reached 15.5% in July, would start going down after the summer holidays and would fall within the central bank’s target range in 2024, said Adam Glapinski, governor of the National Bank of Poland (NBP). “Of course, we have a very acute inflation,” Glapinski told the Sieci weekly on August 1. “It will…Details
Fitch Ratings, a global financial ratings firm, has affirmed Georgia’s Long-Term Foreign-Currency Issuer Default Rating status at a BB level, with a “stable” outlook for the country’s financial developments. The international credit rating agency said Georgia’s rating was underpinned by “a credible and effective policy framework and stronger governance indicators” relative to peers with the…Details
Lithuania has eased the requirements for employers to hire foreign nationals, effective from August 1. Asylum seekers and foreigners who have arrived in the country irregularly will now be able to become employed or self-employed 12 months after their registration with the Lithuanian Migration Department. They will be obliged to obtain a permission from the…Details
On August 1, the ship carrying Ukrainian grain departed from the port of Odesa for the first time in the past five months, Minister of Infrastructure Oleksandr Kubrakov said in a Facebook post. “The first ship with Ukrainian foodstuffs left the Odesa port,” the minister wrote. The Sierra Leone-flagged cargo ship Razoni, loaded with 26,000…Details
At its meeting on July 29, the Cabinet of Ministers approved changes to the regulations regarding targeted lending programs. This was announced by Prime Minister Denys Shmyhal. “After the NBU raised the discount rate, such programs as “5-7-9″, financial leasing and state portfolio guarantees slowed down. This is what the business says. Therefore, the Government…Details
The Lithuanian Foreign Ministry said that it had received and was looking into a Russian diplomatic note on the alleged suspension of payments for Kaliningrad transit services. “We confirm that we have received the note from the Russian Federation,” the ministry said. “We are currently examining it.” Russia’s media reported that the note was handed…Details