Amid soaring inflation, an official says that the Bank in Lithuania plans to analyse whether food price rises are justified by growing costs. “This month, we will carry out a more detailed analysis of food price developments, the results of which we will present in February,” Aurelijus Dabusinskas, head of the Economy Department at the…
The enterprises, which reduce their working schedule as a result of the crisis triggered by the war in Ukraine or other emergency situations, can benefit from support on behalf of the government. This support was established for the first time ever in November 2021. Thus, 50% of the salary of the employees involved in the…
The Lithuanian cabinet decided on January 4 to allocate up to 556.8 million euros of borrowed funds to the Finance Ministry for electricity and natural gas compensations. Up to 174 million euros will go to subsidising electricity prices for businesses from January through March, and up to 382.8 million euros to partially cover electricity and…
Poland’s fuel prices are among the lowest in the EU, the government spokesperson has said responding to opposition claims that fuel prices are being inflated. On January 3, the main opposition party, Civic Platform (PO), accused the state-owned fuel corporation PKN Orlen of unnecessarily raising fuel prices. According to PO, the hike in prices cost…
Following Moscow’s invasion of Ukraine, only slightly more than half of the Lithuanian companies exporting to Russia have severed business ties with the aggressor state, according to the State Data Agency. The latest data showed that more than 260 Lithuanian companies were still exporting to the aggressor country – around half of those that were…
Receipts to the National Public Budget, administered by the State Fiscal Service (SFS), amounted to 55 billion lei (2.75 billion euros) last year, up by 7.7 billion lei or by 16.4% YoY. According to SFS, 23.8 billion lei were collected to the state budget in 2022, up by 18.6%. “The local budgets recorded receipts in…
Ukrainian President Volodymyr Zelensky and European Commission President Ursula von der Leyen have discussed financial support for Ukraine during a phone call, including the possibility of Ukraine receiving the first tranche of macro-financial assistance in January. “Today I spoke with President of the European Commission Ursula von der Leyen. I am glad that the first…