Economists warn that the coming autumn and winter should be spent preparing for hard times: unemployment and bankruptcies are likely to increase, as wages are set to stagnate. The Food Bank is already reporting an increase in demand. Emilija from Panevezys in northern Lithuania adds 500 euros to her retirement pension by selling flowers. Now,…
The duty-free regime with the UK will soon be launched and trade liberalization with Australia is expected. “We will continue to work to facilitate access of Ukrainian goods to all important markets around the world. Customs duties on trade with the European Union have already been abolished. The United States already applies a duty-free regime…
Looking at the perspectives for development of Latvia’s economy, Latvian Chamber for Commerce and Industry (LTRK) does not approve of switching to a four-day work week, according to LTRK representatives. The organisation notes that if people want to live in a wealthy country, there are only two options – work more or work more productively.…
Georgia exported a record $504 million of goods in May, up by 48% YoY, preliminary data from the National Statistics Office of Georgia showed. Georgian exports this year have been distributed as follows: January – $331 million, February – $429 million, March – $411 million, April – $416 million and May – $504 million. The…
Deputy Minister of Digital Transformation for IT Development Oleksandr Bornyakov joined the panel discussion “Crypto at War: Behind Ukraine’s Historic Crypto Fundraiser”. The event took place within the framework of the global cryptoconference Consensus in Austin, USA. During the panel discussion, Oleksandr Bornyakov spoke about the development of the legal field in Ukraine for the…
The Ministry of Finance of Ukraine expects to attract about $20 billion from foreign partners until the end of the year. “Until the end of the year, we expect to raise an additional $20 billion. This is what we are currently negotiating,” Minister of Finance of Ukraine Serhiy Marchenko said during a meeting of the…
Two more Lithuania-based companies may be placed under administration due to EU sanctions on Russian, says the Financial Crime Investigation Service (FNTT). One company, the phosphate fertiliser producer Lifosa, has so far been the only company put under temporary administration after sanctions on its Russian owners threatened its operations. “The Finance Ministry has thus far…