The Lithuanian government is considering lowering excise duty on fuel in a bid to bring down soaring gasoline and diesel prices, Deputy Finance Minister Gediminas Norkunas said on March 14. “I cannot discuss anything until measures have been approved by the cabinet, but yes, we are looking at possible measures,” Norkunas told the parliamentary Committee…
In January, the foreign trade turnover of Latvia amounted to EUR 2.95 billion, which at current prices was 32.9% larger than a year ago, of which the exports value of goods was 29.6% higher and but imports value of goods – 35.8% higher. Latvia exported goods in the amount of EUR 1.37 billion and imported…
President Maia Sandu has approved the signing of the Financing Agreement for the project that will improve water and sewerage infrastructure in several localities, including Comrat and Soroca. “Due to this project, thousands of households in Rascani, Cahul and Vulcanesti districts will have access to quality water. The wastewater infrastructure in the municipalities of Soroca…
Lithuanian businesses are rushing to help those fleeing the war in Ukraine, as more than 800 companies have already offered around 8,000 jobs for Ukrainian refugees. The Lithuanian government has also simplified their employment procedures and is preparing to pay one-off settlement allowances. Svetlana Palenko came to the registration centre in Lithuania’s Alytus from the…
Georgian external trade turnover amounted to $2.5 billion in January-February, up by 49.2% YoY, latest data from the National Statistics Office of Georgia (Geostat) showed. The value of exports in Georgia grew by 54.5% and totaled $760.4 million in the reporting period, while imports increased by 47%, reaching $1.7 billion. Trade deficit totaled $1 billion,…
Data from Statistics Estonia and the Bank of Estonia suggested Estonia’s services exports grew by 79% YoY, while imports of services fell by 23% in the fourth quarter of 2021. In all, exports of services grew by 47% and imports by 28% compared to 2020. In the fourth quarter of 2021, Estonia’s exports of services…
The UN Industrial Development Organization (UNIDO) continues providing support to Georgia’s small and medium-sized enterprises (SMEs), the Chief of UNIDO’s Regional Coordination Division – Europe and Central Asia, Jacek Cukrowski, has said. UNIDO is working to strengthen the capacities of policymakers and other stakeholders to identify, support and develop SMEs clusters in Georgia, Cukrowski said.…