The negative influence of euro’s weakness exceeds positive aspects. Additionally, the low euro exchange rate could contribute to inflation even though it is not the biggest factor contributing to price growth, according to bank analysts. SEB Bank macroeconomic expert Dainis Gaspuitis said companies focused on export outside Eurozone were the ones to benefit the most…
Ukraine invites Lithuanian businesses to participate in measures to restore and rebuild the Ukrainian economy after the victory in the war. A total of 614 promising projects have been prepared for investment. “After the victory of Ukraine, economic relations with Lithuania should reach a new level. It is about close economic cooperation and the participation…
The United States has transferred another $1.7 billion in grant assistance to Ukraine, Ukrainian Prime Minister Denys Shmyhal has written on Twitter. “$1.7 billion of grant aid came to the Ukrainian budget from the Trust Fund of the World Bank and the U.S. Agency for International Development. This is the second US grant in the…
As many as 307,000 Ukrainians have found employment thanks to streamlined procedures introduced to help them find work, the Polish Family and Social Policy Ministry said on July 12. Under a law, Ukrainian citizens who arrived in Poland after February 24, the date on which Russia attacked their country, could take up employment without the…
Purchase of discounted products, search of cheaper goods and services and more frequent meals at home – these are the most common strategies Latvian residents use to save up money and reduce the impact from the rapid price climb, says Swedbank Institute of Private Finances expert Evija Kropa, commenting on data from the institute’s study.…
E-commerce giant Amazon is considering setting new distribution centres in Poland, the company’s press officer reports. Konrad Mroz said: “We are constantly considering new potential locations. We take into account many factors when taking decisions on where to develop buildings in order to best serve customers. We are engaged long-term in Poland and are concentrating…
Lithuania’s Economy and Innovation Ministry held a conference in Vilnius on July 12 to bring together politicians and representatives of the business and expert community to discuss plans of rebuilding Ukraine. Economy and Innovation Minister Ausrine Armonaite says Lithuania can demonstrate leadership to the whole world by providing not only military and political assistance to…