The Lithuanian parliament Seimas on September 27 voted in favour of keeping the current zero VAT rate on district heating for two more heating seasons. The measure, proposed to mitigate a surge in heating bills, is estimated to cost over 110 million euros to the state. The amendments to the Law on Value Added Tax…
Prime Minister Natalia Gavrilita met on September 27 with Japan External Trade Organization (JETRO) Chairman Nobuhiko Sasaki in Tokyo. The parties approached issues on evolution of economic relations between the two states and considered the opportunities to expand commercial activities, noting the importance of strategic investments for the economic growth and the creation of well-paid…
The Polish government, at its September 26 sitting, approved the merger of Poland’s leading oil and gas company PKN Orlen with the country’s natural gas monopolist PGNiG, the government spokesperson said. In late July, the two companies agreed to a merger plan under which PGNiG shareholders would receive 0.0925 new shares in Orlen per one…
Prime Minister Natalia Gavrilita had a meeting with Sam Mogi, the head of the International Affairs Committee of Japan Association of Corporate Executives (Keizai Doyukai) and other members of the organization in Tokyo on September 27. They discussed investment opportunities of the Republic of Moldova. The parties exchanged views on the global economic situation and…
Several dozen hotel and restaurant owners and managers protested outside the Lithuanian government office in central Vilnius on September 27 over the government’s plans to end VAT exemptions for catering businesses. Lower VAT rates were introduced to prop up the sector during the Covid-19 pandemic and would expire at the end of the year. The…
Over the past week, 218 soft loans for a total amount of UAH 0.88 billion were issued within the framework of the State Program Affordable Loans at 5-7-9%, including 160 credit agreements for the amount of UAH 0.403 billion concluded by banks of the public sector of the economy. Since the start of the program…
The tendency of dropping prices and inflation should continue in the coming months with the inflation rate coming closer to the target 3% in the second quarter of 2023, finance minister Lasha Khutsishvili said on September 26. In comments on the latest trends, Khutsishvili noted the downward trajectory of inflation over the past two months…