The Lithuanian Armed Forces is undergoing significant upgrades. Construction of a new military campus has started near Vilnius, and two more will soon be launched in Silale and Siauliai. New ammunition depots are also being built. In addition to that, the ministry is planning to buy new weapons and expects the military budget, which has…Details
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The second half of next year should bring inflation down below 10%, according to Pawel Borys, head of the Polish Development Fund (PFR). On August 31, Poland’s statistical office said August inflation stood at 16.1% YoY and increased by 0.8% MoM. Borys said that he believed Poland’s inflation would not exceed 20% this year, while…Details
Using fuel oil, or mazut, for district heating in Vilnius during the coming winter season will help keep heating bills for households down, according to Mayor Remigijus Simasius. “We can see that prices for all energy resources are absurdly high. This is affecting us in Vilnius just as much as anywhere else. It’s just that…Details
The turnover received by the Georgian business sector increased by 19.2% YoY and amounted to GEL 41.7 billion (about $14.53 billion) in the second quarter of 2022, the latest data published by the National Statistic Office of Georgia showed. The value of production generated by the business sector increased by 25.3% and amounted to GEL…Details
Businessman Igor Udovickij, the top shareholder of Biriu Kroviniu Terminalas (Bulk Cargo Terminal, or BKT), a Klaipeda port company that used to handle Belarusian fertilisers, has applied for regulatory clearance to buy 30% of BKT’s shares from the sanction-hit Belarusian fertiliser producer Belaruskali. “Concentration is being implemented by Igor Udovickij by purchasing 30% of shares…Details
National Public Budget receipts administered by the State Tax Service (SFS) amounted to 35.3 billion lei (about 1.8 billion euros) in January-August, up by 17.9% YoY. According to the SFS, in 2022, the State Budget received 15.4 billion lei, up by 22.7%. “The local budgets recorded receipts of about 3.8 billion lei, up by 14.6%.…Details
Russian nationals have crossed the Lithuanian border 130,000 times since the start of the Ukraine war in late February, Foreign Minister Gabrielius Landsbergis has said, arguing for measures to restrict Russians’ access to the EU. “Over 130,000 Russian citizens with a Russian passport and a Schengen visa have crossed the Lithuanian border since the start…Details