International IT and other companies that operated in Russia would not be able to relocate to Lithuania, Economy Minister Ausrine Armonaite said on April 4. “Although our country’s services ensure extremely thorough checks of every incoming company and person, the continuation of this process in today’s situation is impossible and does not meet the expectations…
The Ministry of Economy estimates that the direct non-recurring losses caused by the Russian invasion now reach $565 billion, and Ukraine is short of $54 billion in capital investment. “According to our latest estimates, direct non-recurring losses now amount to $565 billion: $119 billion accounts for infrastructure and $91 billion – for civilian facilities losses.…
The sectors of the economy where it is impossible to set up work from home for the employees have been affected the most by the war in Ukraine, the First Deputy Minister of Economy Denys Kudin has said. “The most affected areas are those where telework is impossible. In particular, today we have no air…
Global credit rating agency Standard and Poor’s (S&P) lowered Estonia’s economic outlook from “positive” to “stable” due to the impacts of Russia’s war in Ukraine. It did not change Estonia’s AA- status. The agency believes the war will impact Estonia’s economic growth and increase budget expenditures due to higher spending on defense, compensation of household…
Water consumers in Chisinau can activate the electronic invoice service. Apa-Canal Chisinau company announces that it makes available the payment option electronic invoice to water consumers in the municipality. “The electronic invoice is a facility made available to the water supplier’s customers so that everyone can quickly and securely benefit from the information related to…
The electronic and audio books will be exempted from the value added tax (VAT). The parliament approved a draft law to this effect on April 1. Thus, the production of electronic and audio books, as well as the electronic and audio periodical publications, services of editing and the services concerning the copyright and other related…
The Lithuanian government is expected to unveil a plan of measure to cushion the impact of soaring energy, food and other prices for households and businesses. The government’s proposed 1-billion-euro measures include increasing pensions, compensation payments and other social benefits for the lowest earners, as well as raising the non-taxable income threshold. According to sources,…