Growing exports to the Indo-Pacific countries are offsetting a decline in exports to China, the Foreign Ministry has said citing statistics. “Proactive economic diplomacy and the development of a network of diplomatic missions and representatives contribute to the overall goal of diversifying trade and increasing economic resilience. The total volume of Lithuanian exports to the…
The Republic of Moldova will benefit from additional funding of $63 million from the Government of the United States of America (USA) as a grant under the two agreements signed by the Government of the Republic of Moldova and the Government of the USA on September 28, 2016. The government approved the projects regarding the…
Amid regional uncertainties, Lithuanians are stocking up gold bars and coins. The head of the mint says it is often the case that investments flock to gold during crises. The only mint in the Baltic States has few gold products left in its shop, just a few gold-plated angels, coins and gold bars. “People joke…
Prime Minister Denys Shmyhal announced that Ukraine’s international creditors agreed to suspend external debt payments until 2024, which would provide an opportunity to save nearly $6 billion. In a post on his Telegram channel, Shmyhal wrote: “Creditors of Ukraine’s foreign debt agreed to postpone payments until 2024, with a possible extension for another year. Thank…
Commercial advertising income of the Georgian television and radio broadcasters equaled GEL 19 million ($7 million) in the second quarter of 2022, down by GEL 4.1 million ($1.5 million) or by 17.5% YoY, the Communications Commission announced on August 9. Naming the recent ban of gambling ads as the main reason for the reduction in…
The number of companies going bankrupt in Lithuania is on the rise and is set to increase even further, as the pandemic business support measures expire. “A restaurant has only a 25% chance of surviving five years after opening,” says Deivydas Praspaliauskas, founder of the Amandus restaurant in Vilnius. Before the pandemic, a third of…
Prime Minister Denys Shmyhal chaired a meeting with the participation of Minister of Finance Serhii Marchenko and representatives of the Ministry of Finance regarding the main directions of the draft state budget of wartime. The Head of Government emphasized that the priorities of the state budget for 2023 included maintaining of macro-financial stability, financing of…