Meat producer HKScan will sell its Baltic subsidiaries to Estonia’s AS Maag Grupp for EUR 90 million, the company has announced. The transaction will likely close in the second half of 2023 and is subject to regulatory approvals in Estonia and Latvia. “The sale of the Baltic business will improve HKScan’s profitability and strengthen its…Details
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Lithuania is leading among EU countries in integrating Ukrainian refugees into its labour market. More than half of working-age Ukrainians that have arrived in the country after the Russian invasion in February have found jobs. Zigmantas Dargevicius said he wanted to help Ukrainian refugees and offered a number of them jobs with a hotel chain…Details
Over one and a half months, Russia has been attacking Ukraine’s energy system with thousands of missiles and drones eight times but failed to destroy it. The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal during a nationwide telethon. “At the first attempt, Russia failed to plunge Ukraine into blackout, although they expected…Details
Ukraine has received a EUR 100-million loan on concessional terms from the French Development Agency. The funds are directed to the general fund of the State Budget to finance priority expenditures, in particular social and humanitarian. “We appreciate France’s contribution to maintaining the stability of Ukraine’s financial system, as well as its willingness to support…Details
The Lithuanian Association of Pharmacies and eight pharmaceutical companies have been fined a total of almost 73 million euros for making a deal on higher markups, the Competition Council reports. The competition watchdog said in a press release it imposed fines of 27.5 million euros on Eurovaistine, 16.7 million euros on Gintarine Vaistine, 9.2 million…Details
Hungarian budget airline Wizz Air will add new routes from Georgia’s western Kutaisi International Airport to five European cities starting in June 2023, the United Airports of Georgia reports. Next summer the company will launch flights to Brussels, Madrid, Frankfurt, Hamburg and Poznan. The direct flights between the Kutaisi Airport and the cities will be…Details
On December 12, the European Commission and the Nordic Investment Bank signed the InvestEU guarantee agreement. The value of this agreement reaches EUR 114 million, as confirmed by the European Commission’s office in Latvia. This agreement will allow for attracting funding from the Nordic Investment Bank worth up to EUR 480 million for investments into…Details