The central Bank of Lithuania has set up a specialised Centre for Financial Market Development to promote continuous successful growth of the country’s financial market. The centre will look for ways to strengthen the existing financial market participants and attract new ones, promote sustainable FinTech development, implement capital market development measures. The Bank of Lithuania’s…Details
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The National Agency for Food Safety (ANSA) has withdrawn from the market a batch of non-compliant powdered milk, following the notification of the European food alert system. It is about the product “Blend of powdered milk with prebiotics for children – from birth, with fast preparation”, imported from Poland. In accordance with the law, food…Details
On May 20, JSC Virsi-A (Virsi) signed a contract with JSC Skulte LNG Terminal on the acquisition of 20% of the company’s shares. Plans were announced to jointly develop the liquefied natural gas (LNG) terminal at Skulte seaport, as reported by Virsi. The company notes that Skulte LNG terminal project has a unique geographical, economic…Details
Poland’s industrial output rose by 13% YoY in April, the Central Statistical Office (GUS) reported. Month on month, industrial output fell by 11.3%. Economists polled by PAP expected April’s manufacturing to grow by 15.5% YoY and to decrease by 11.1% MoM. Seasonally adjusted industrial production went up by 15.6% YoY, but declined by 0.4% MoM…Details
Georgia has exported locally produced goods worth $1.58 billion in January-April, up by 32.8% YoY, preliminary data from the National Statistics Office of Georgia showed. Geostat said local exports in the country had accounted for 76.1% of total exports in the reporting period, amounting to $1.27 billion, up by 37.1%. Georgia’s top trading partners were…Details
The industrial producer price index rose by 31.8% YoY in April, state agency Statistics Estonia sais. Leading analyst at Statistics Estonia Eveli Sokman said: “Prices rose by 22.5% in manufacturing as a whole, and the price increase in the manufacture of food products was 18.5%.” Compared with April last year, the index was primarily influenced…Details
Ukraine received another part of the grant funding in the amount of EUR 504 million. Funds were provided from the World Bank’s Donor Trust Fund under the Second Economic Recovery Development Policy Loan for Ukraine. Under this tranche, the State Budget received grant funds from the United States ($500 million) and the United Kingdom (GBP…Details