The Lithuanian government has put together a plan on alleviating the effects of inflation, with the parliament expected to vote on them before Easter. Observers say more effort may be needed within months – and it may include measures that the government rejects today. Epigone, a company that sells merchandise linked with Lithuania, says the…
Ukraine’s daily expenditures related to the war with Russia amount to about UAH 2 billion, while the total daily losses incurred by the country due to destroyed infrastructure and loss of economic potential amount to $4 billion. This was stated by Prime Minister Denys Shmyhal, who spoke at the national telethon. “The is how much…
The latest data of the Central Statistical Bureau showed that in March, compared to March 2021, the average level of consumer prices increased by 11.5%. Compared to March 2021, the average level of consumer prices was mainly influenced by the rise in prices of food and non-alcoholic beverages, goods and services related to transport, goods…
The Polish labour market will be able to absorb the huge influx of Ukrainian refugees, the central bank president has said. Over 2 million people had crossed into Poland from Ukraine since the start of the Russian invasion, but Adam Glapinski said the Polish economy was strong enough to employ the majority of the Ukrainians.…
The government has approved a new sanction on possibilities of Russian and Belarusian citizens to work or engage in enterprise in Estonia and will stop issuing corresponding visas and residence permits, the Government Office reports. Minister of the Interior Kristian Jaani (Center) said the sanction aimed to remove the discrepancy wherein international and national sanctions…
Nord Security, a cyber security tech firm that is behind NordVPN, has become Lithuania’s second company to be valued at over $1 billion after attracting an investment of $100 million. Founded in 2012, Nord Security is now valued at $1.6 billion. This makes the company Lithuania’s second unicorn, after the clothing resale platform Vinted. According…
Over the past three days, 10 new blows have been inflicted on Russia’s economy and influence abroad. “Here are 10 new blows on Russia’s economy, financial system, trade and remnants of Russia’s influence abroad inflicted in just these three days,” Minister of Foreign Affairs of Ukraine Dmytro Kuleba posted on Facebook. In particular, according to…