Monetary payments to hard-pressed households, proposed by President Gitanas Nauseda in response to rising prices, may exacerbate inflation even further, according to Finance Minister Gintare Skaiste. “Such helicopter money could, in principle, make the inflationary mill spin even faster,” she said on February 8. “One should be very cautious about such measures, and I’d say…
Customs Service revenues to the state budget amounted to more than 555 million lei on January 31 – February 6, up by 12.6% than the amount planned for this period. “Over the past week, the number of passengers entering the Republic of Moldova was over 62,000. Of these, 1,374 individuals declared various goods, making payments…
Georgia ranked 50 in terms of bilateral trade (53 in export and 47 in import) among all trade partners of Lithuania in 2020, which made Georgia the biggest trade partner of Lithuania in the South Caucasus region, the Ministry of Foreign Affairs of the Republic of Lithuania reported. According to the ministry, Lithuania’s direct investments…
The consumer price index rose by 11.3% YoY in January, state agency Statistics Estonia reported. The month-on-month change between December 2021 and January stood at -0.1%. Statistics Estonia leading analyst Viktoria Trasanov said that government measures curbing energy prices, and an overall fall in electricity prices at the beginning of the year compared with the…
Small- and medium-sized entrepreneurs will be able to easier access loans provided by commercial banks-partners of the Organization for Small- and Medium-sized Sector Development (ODIMM). MP Dumitru Alaiba and Economics Minister Sergiu Gaibu informed about the simplification of the procedure of accessing credit guarantees, which guaranteed the loans asked by Small and Medium-sized Enterprises (SMEs)…
Lithuania’s central bank head has welcomed President Gitanas Nauseda’s recent proposals to increase the incomes of low-earners. However, he is more critical of the government’s proposal to temporarily cut the value added tax on central heating. The measure is “a good thing”, Gediminas Simkus said, pointing out that other EU member states had also taken…
About 54.5 million lei will be allocated this year from the National Fund for Regional Development (FNDR) in order to implement nine projects in the Southern Development Region, which are found in the Program Document 2022-2024. The decision was taken at a meeting of the National Council for the Coordination of Regional Development (CNCDR), which…