Average salary growth in Lithuania over the past decade has been one of the fastest among members of the Organization for Economic Co-operation and Development, according to a study by the international financial technology company Tipalti. Its data showed that the average annual salary in Lithuania almost doubled between 2011 and 2021. Last year, it…
Moldova will receive an additional loan of 100 million euros from the European Bank for Reconstruction and Development (EBRD). MPs ratified on December 8 the Amendment No. 3 to the Loan Agreement between the Republic of Moldova and the EBRD on construction works and road rehabilitation. Under the document, the money will be invested in…
Lithuania’s losses due to Beijing’s trade sanctions have been limited, as China has not been a big export market for the country, according to Finance Minister Gintare Skaiste. “China has never been a significant economic partner,” Skaiste said, commenting on the EU’s latest request to the World Trade Organization (WTO) to set up a panel…
Inflation in Poland will remain high in the short-term, and its return to the central bank’s target band will be gradual, the Monetary Policy Council (RPP) has said in a statement after a no-change rate decision. The RPP kept interest rates unchanged for the third month in a row, leaving the main interest rate at…
On December 7, work on improving Lithuanian-Latvian gas interconnection was completed in Lithuania’s Pasvalys district, as confirmed by Lithuanian gas system operator Amber Grid. Amber Grid noted the project was completed ahead of schedule, and now it was possible to transport 90 GWh of gas using the pipeline, which was 30% more than was possible…
The amount of grants available to Lithuania under the EU’s Recovery and Resilience Facility (RRF) is being cut by 125 million euros, but the government will be able to borrow the same amount, Finance Minister Gintare Skaiste said on December 7. “The grant part of the New Generation Lithuania plan was linked to economic indicators,”…
In Q3, Latvia was one of two countries in the European Union (EU) in which a GDP drop was observed, according to data published by Eurostat on December 7. According to seasonally adjusted data, Latvia’s GDP dropped by 0.4% YoY. An even bigger drop was observed in Estonia – 2.3%. In Lithuania, however, GDP increased…