Lithuania’s third-biggest city Klaipeda expects significant job losses once the country stops the transit of Belarusian fertilizers, although the “worst-case scenario” can be avoided. Last week, the government terminated a contract between the state-owned railway company Lietuvos Gelezinkeliai (Lithuanian Railways, LTG) and the Belarusian potash giant Belaruskali, which exported around 11 million tons of fertilizers…
On January 17, Lithuanian Economy and Innovation Minister Ausrine Armonaite said the country was concerned about foreign investors changing plans due to China’s pressure. “We have no further information about companies changing their plans. There is concern, and everybody hopes that the situation will de-escalate and will be resolved, which is what we expect as…
Revenues of local budgets in 2022 are projected at UAH 437 billion, an increase of UAH 87 billion compared to the previous year. “If we talk about the state support, which is currently stipulated in the state budget, then we project about UAH 437 billion in revenues of local budgets in 2022, showing an increase…
To support Latvian residents in a situation when the rapid climb of energy prices has a serious effect on every household, political party New Unity suggested at a meeting of government parties on January 17 to provide benefits to seniors and families with children. The party’s board decided focused support would be provided to families…
Due to the continued high rate of inflation, rental prices, which have been rising since last spring, are set to continue this upward trend through 2022, particularly in Estonia’s two primary cities, Tallinn and Tartu, some experts say. Rentals in smaller towns will see a more modest rate of rise this year, though could even…
Georgian external trade turnover amounted to $14.31 billion in 2021, up by 25.6% YoY, express data from the National Statistics Office of Georgia (Geostat) showed. The value of exports grew by 26.9% and equaled $4.24 billion, while imports increased by 25.1%, reaching $10 billion. The trade deficit totaled $5.83 billion, and its share in trade…
Coop’s e-store customers have noted that the retail chain has imposed a minimum order limit on shopping baskets and has increased the price of home deliveries, even while delivery times have gotten longer. Competitors of the domestic retail chain will not follow Coop’s price increases. Coop’s e-store customers were met with a notification that stated…