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…
Polish GDP could grow by 0.6% this year, if Poland receives the EUR 35 billion in EU funding it is currently locked out of, the finance minister has said. The European Commission (EC) has denied Poland access to funding over concerns with the rule of law. But the Polish government is hoping that by agreeing…
In 2022, the Regional Development Agency (ADR) Centru implemented regional infrastructure and assistance development projects amounting to about 215 million lei (10.75 million euros) from the sources of the National Regional and Local Development Fund, the Fund Road and financial assistance offered by development partners. “In the Single Program Document 2022-2024, for the Central Development…