European Commission Vice President Valdis Dombrovskis has signed a memorandum of understanding on the allocation of EUR 1 billion in macro-financial assistance to Ukraine. “Signing Memorandum of Understanding with Ukraine on behalf of the EU to provide EUR 1 billion macro-financial assistance as emergency funding. This will be paid out end-July to support Ukraine’s government…
June’s inflation in Latvia was higher than the average in the European Union and Eurozone, according to the latest data published by Eurostat. Compared to June 2021, inflation was registered in all EU member states in June 2022. In June, average inflation was 9.6% in the European Union and 8.6% in Eurozone. Compared to May,…
The Seimas Committee on National Security and Defence (NSGK) will consider an initiative to ban business relations with Russia, the committee chairman Laurynas Kasciunas has said. “We will soon have an NSGK meeting not only on this issue but also on the analysis of Russia’s participation in the market and Russia’s impact on our economy…
Georgia exported locally produced goods worth $2.55 billion in January-June, up by 35.6% YoY, preliminary data from the National Statistics Office of Georgia showed. Geostat said local exports in the country accounted for 73.5% of total exports in the reporting period, amounting to $1.88 billion, up by 36.3%. Georgia’s top trading partners were China –…
A third of the Lithuanian population has donated money to Ukraine’s fight against Russia or to support Ukrainian refugees, but almost 40% say they have not reacted in any way to the war, according to the results of a survey commissioned by LRT. The poll, conducted by Baltijos Tyrimai at the end of June, asked…
Finance Minister Lasha Khutsishvili on July 18 announced public sector earnings would increase by 10% yearly over the next three years until 2026. The Ministry of Finance cites the minister as saying that a Government meeting had “formed certain directions” on how to regulate remuneration of labour in public services. “Starting from January 1, 2026,…
Due to insufficient wages Latvian State Fire and Rescue Service (VUGD) predicts an even bigger shortage of employees, the service warns. In 2017, the wage paid in VUGD was equal to the average in the national economy. Vacant jobs accounted for approximately 3%. However, wages have since fallen by more than 30% behind the average…