In 2014, the first Lithuanian satellite, Lituanica SAR-1, was launched into orbit. It became the inspiration for founding NanoAvionics, the first and so far the only space technology company in Lithuania. Now, it is among the leading satellite producers in the world, intending to be top in the universe, says Vytenis Buzas, head of the…
On November 28 – December 4, the Customs Service collected over 630.6 million lei (about 31.5 million euros) to the state budget. According to the Customs Service, during the period private people brought goods with the value in customs exceeding the non-taxable limit, and payments amounting to over 18.5 million lei were collected, which represented…
The ministers of foreign affairs of Estonia, Lithuania and Poland in a joint statement praised the approval of the price cap on Russian oil and called on the EU to speed up the preparation of the next round of sanctions on Russia. That’s according to a tweet by Estonia’s Foreign Minister Urmas Reinsalu. “We need…
The Sejm, the lower house of the Polish parliament, has adopted a bill freezing natural gas tariffs in 2023 for all households and sensitive recipients at 2022 levels. The bill went through on December 1 night with 424 votes in favour and 16 abstentions, with no votes against. Under the draft legislation, the gas price…
Lithuania’s Ministry of Finance has unveiled a new plan for taxing residential real estate. The tax will apply to around half of properties in each municipality and, according to the government, will be socially just. The new proposal sees taxing individual properties rather than the sum total of the value held by one owner. The…
Georgian deputy economy minister Mariam Kvrivishvili announced GEL 200 million ($73.81 million) would be allocated at the initiative of Prime Minister Irakli Garibashvili to improve tourism infrastructure and contribute to the creation of new jobs in the sector. Kvrivishvili also noted the government’s recently announced programme for developing new tourism locations while upgrading the existing…
Poland’s Purchasing Managers’ Index (PMI) rose to 43.4 points in November from 42.0 points in October, economic researcher S&P Global reported on December 1. Economists polled by PAP predicted the PMI would reach 42.8 points in November. “Manufacturing and new orders fell for another month in November, albeit the pace of decline slowed down compared…