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…
Fuel prices in the Republic of Moldova have fallen. Thus, compared to the maximum values in June, 95 petrol ended up being cheaper by about 10 lei and diesel by 6.65 lei/liter. According to the National Agency for Energy Regulation (ANRE), the drop in oil and derivative products quotations recorded on the international stock exchanges…
The Bank of Lithuania has downgraded its economic growth forecast for next year. Instead of the previously planned 3.4%, the country’s economy is now expected to grow by only 0.9%. “The forecast for 2023 is being significantly downgraded. This is mainly related to the weaker household consumption,” said Gediminas Simkus, board chairman of the Bank…