Last year the average hourly labour costs in Latvia were EUR 11.1, significantly below the average levels in the EU and Eurozone, according to data published by Eurostat on March 28. According to this data, labour costs in the economy, except fir agriculture and state administration, were below Latvia’s in Bulgaria (EUR 7 per hour),…
Lithuania has applied to open a trade office in Taiwan, Taipei Times has reported. The Taiwanese Foreign Ministry announced Lithuania’s application on March 26 and said it would provide the country with the necessary assistance in opening the representative office. Economy and Innovation Minister Ausrine Armonaite said Lithuania was ready to open its office in…
On March 21-27, the revenues of the Customs Service to the state budget amounted to about 676.9 million lei, with over 23.7% more than the planned amount. During the reference period, individuals brought to the country goods the customs value of which exceeded the non-taxable limit, and payments were collected amounting to over 12.8 million…
Gas Transmission System Operator of Ukraine (Gas TSO of Ukraine) has proposed that Europe gradually impose an embargo on the use of the Nord Stream 1 natural gas pipeline, Gas TSO of Ukraine Director-General Serhii Makogon has said. “Our suggestion for the de-Putinization of the Nord Stream 1 and de-Putinization of Europe is the gradual…
The Romanian government has approved a draft for the ratification of the agreement with Moldova on a non-refundable financial assistance worth 100 million euros. The spokesman for the Romanian Cabinet, Dan Carbunaru, has made statements to this effect. According to Carbunaru, decision-makers approved the draft law for the ratification of the agreement between the governments…
Polish oil group Orlen, which owns Lithuania’s Mazeikiai-based oil refinery Orlen Lietuva, plans to use only oil supplied by Saudi Arabia, Energy Minister Dainius Kreivys has said. “Orlen is renouncing Russian oil and plans to produce products only from Saudi Aramco’s Saudi Arabian oil,” said Kreivys. Up until now, most of Orlen Lietuva’s refined oil…
Ukraine managed to attract about $4 billion from international partners over the past month. “We are talking about figures close to $4 billion,” Deputy Head of the President’s Office Rostyslav Shurma said during the nationwide telethon, when asked how much money Ukraine managed to raise over the past month. At the same time, he noted…