People in Lithuania are spending 63.9% of their income on essentials, like food and housing, according to the latest Eurostat data. The expenditures have increased by 50% compared to 2016. “The year 2021 was an unusual year in terms of consumption, as Covid-19 led to a reduction in tourist trips and fewer events,” said Inga…Details
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The Georgian economy grew by 7.2% in June and by 10.5% in the first six months of 2022, the latest data from the National Statistics Office of Georgia showed. Last month the estimated real growth was observed in the following activities: transportation and storage; electricity, gas, steam and air conditioning supply; information and communication; hotels…Details
Lithuania will soon send additional military assistance to Ukraine, Defence Minister Arvydas Anusauskas told his Ukrainian counterpart, Oleksii Reznikov, in Kyiv. “Additional military assistance will arrive in Ukraine soon,” the Lithuanian Defence Ministry quoted Anusauskas as saying in a press release. “The country is getting plenty of M113 APCs, therefore, we could train the corresponding…Details
In 2022, inflation will reach 31%, and GDP will decrease by a third. In the coming year, the economy is expected to return to growth, while inflationary dynamics will decline, the press service of the National Bank reports. “Until the end of 2022, inflation will accelerate and reach 31% given the persistence of the impact…Details
In recent years, Ukraine has been among the top-5 largest suppliers of organic products to the EU. Until 2030, it is planned to increase the export of organic foods to $1 billion, the Ministry of Agrarian Products and Food reports. “In recent years, Ukraine has consistently been among the top-5 largest suppliers of organic products…Details
The automobile road leading to northeastern Georgia’s picturesque and remote Tusheti highland region is set to be rehabilitated and modernised to make travel easier and safer for both visitors and farmers. The Ministry of Infrastructure of Georgia announced on July 28 that the project would be completed gradually in 2025 and GEL 100 million ($34…Details
As Russia is making sharp cuts to gas supplies to Europe through the Nord Stream gas pipeline, Europeans should give up Russian gas altogether, says Jaroslav Neverovic, a top adviser to Lithuanian President Gitanas Nauseda. Russia is clearly seeking to undermine Europe by cutting gas supplies, Neverovic, Lithuania’s former energy minister, has said. “This is…Details