The largest vertical farm in Europe is currently being developed in Lithuania. The business has already attracted 6 million euros in investment, and more is expected over the summer. According to Valentinas Civinskas, CEO of Leafood, the developer of the vertical farm, this technology will allow Lithuanians to enjoy fresh quality produce all year round.…Details
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The Customs Service (SV) collected over 695.4 million lei (34.7 million euros) on July 11-17, up by 20.9% from the budgetary task set for this time interval. According to SV, private people brought goods, the value of which in customs exceeded the non-taxable limit, with over 8.1 million lei collected, which accounted for 3.6% of…Details
Ukraine calls on heads of U.S. and European banks to sever ties with companies that trade Russian oil and stop providing credits to finance Russian war crimes. “Economic advisor to the President of Ukraine, Oleg Ustenko wrote to bankers including JPMorgan Chase’s Jamie Dimon and HSBC’s Noel Quinn, asking them to stop financing companies that…Details
Artificial intelligence was invented in 1959, and the world is constantly surprised by new and unique emerging technologies. It is the ability to learn, adapt, understand, and discover a way to attain outcomes and solve issues that are similar to human behaviors, among other things. In recent years, artificial intelligence systems’ capabilities have achieved significant…Details
Since the beginning of the full-scale war of the Russian Federation against Ukraine, international partners have provided almost $13 billion in financial aid to Ukraine. “The international aid intensified at the end of June. Thanks to this, Ukraine received about $4.4 billion in June and in the first days of July. In total, since the…Details
The small and medium enterprises will benefit from a financial assistance in order to enhance the competitiveness at export. The parliament on July 15 ratified an agreement on loan with the International Bank for Reconstruction and Development (IBRD) and an agreement on financing with the International Development Association (IDA). Economics Minister Sergiu Gaibu unveiled the…Details
Leading commercial banks Swedbank and SEB have not allowed bank transfers to or from Russia for some time, while LHV has been accepting some incoming payments but is planning additional restrictions. No EU sanctions package includes a ban on bank transfers. The initiative is that of the banks whose reasons for doing so are similar.…Details