Lithuania is the first EU country to have completely stopped importing Russian gas, the Energy Ministry has announced. The move to become fully independent from Russian gas was made in response to Russia’s energy blackmailing Europe and the war in Ukraine. “We are the first EU country among Gazprom’s supply countries to gain independence from…Details
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At a meeting on April 4, the Cabinet approved changes to the subsidy principles, including a set of facilities for farmers. The new provisions aim to improve access to subsidies for young farmers, women farmers and returning migrants who want to grow their livestock business, process agricultural production, grow fruit and vegetables on protected land…Details
International IT and other companies that operated in Russia would not be able to relocate to Lithuania, Economy Minister Ausrine Armonaite said on April 4. “Although our country’s services ensure extremely thorough checks of every incoming company and person, the continuation of this process in today’s situation is impossible and does not meet the expectations…Details
The Ministry of Economy estimates that the direct non-recurring losses caused by the Russian invasion now reach $565 billion, and Ukraine is short of $54 billion in capital investment. “According to our latest estimates, direct non-recurring losses now amount to $565 billion: $119 billion accounts for infrastructure and $91 billion – for civilian facilities losses.…Details
The sectors of the economy where it is impossible to set up work from home for the employees have been affected the most by the war in Ukraine, the First Deputy Minister of Economy Denys Kudin has said. “The most affected areas are those where telework is impossible. In particular, today we have no air…Details
A EUR 1.3-million twinning project on road safety has come into effect in Georgia under the European Union (EU) assistance, the Economy Ministry reports. The project supporting the Establishment of Comprehensive Road Safety Database and Further Improvement of Road Safety Management in Georgia aims to contribute to the establishment of European practices in the field.…Details
As of March 25, there were assets worth approximately EUR 55 million frozen in banks in Latvia due to sanctions imposed by the European Union and US Department of the Treasury’s Office of Foreign Assets Control (OFAC), as reported by Finance and Capital Market Commission (FKTK). “Two week ago a major increase of the frozen…Details