The central bank of Lithuania says more money is being withdrawn from ATMs in the country, likely in reaction to Russia launching a military operation against Ukraine on February 24. “As geopolitical tensions rise in the region, cash demand in Lithuania has increased slightly. We would like to underline, however, that money circulation in Lithuania…Details
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Georgian experts forecast the inflation rate in Georgia to begin to “decline significantly” from March to April, Prime Minister said on February 23, adding a reduction in inflation was already observed in the final months of 2021. Garibashvili elaborated on causes of the high inflation rate in the country, naming the global pandemic as the…Details
Finland will grant Estonia permission to send howitzers to Ukraine to help the country defend itself against Russian aggression – as long as Germany also agrees. Speaking during a parliamentary debate on February 23, Finnish Minister of Foreign Affairs Pekka Haavisto said: “From our side, there is no obstacle if Germany gives the green light…Details
The Lithuanian fintech company Paysera has halted transfers to and from Russia. The decision was made in solidarity with Ukraine and to reduce risks from the Russian market. The company will no longer process transactions in Russian rubles, close its Russian clients’ accounts and restrict money transfers to and from Russian and Belarusian banks, it…Details
Ukraine: economically resilient and stable country – one of main long-term responses to aggressor’s actions
The Government prolongs active cooperation with the International Monetary Fund, the Prime Minister Denys Shmyhal announced during a Government meeting on February 23. “We welcome the start of another mission of the International Monetary Fund. Economically resilient and stable Ukraine is one of our main long-term responses to the aggressor’s actions,” stressed Denys Shmyhal. The…Details
The so-called Ministry of State Security of Donetsk People’s Republic, a terrorist organization created and supported by Russian, spread fake information that on February 18 a Ukrainian sabotage group attempted to commit an attack at the Stirol plant (the city of Horlivka, Donetsk), which could have led to a large-scale environmental disaster, but happily, it…Details
On February 22, drivers of the ride-hailing app Bolt were striking against the planned increase in the commission fees. The following day, some of them were suspended from the app. In March, Bolt is planning to increase its commission fees for drivers in Vilnius from 20% to 25% and from 10% to 15% or 20%…Details