Samples of Lithuanian plant seeds were handed over to the Global Seed Vault in the Norwegian archipelago of Svalbard on June 9. The storage of duplicates will ensure that seeds could be retrieved and reproduced in Lithuania if necessary, according to the Environment Ministry. The Svalbard Seed Vault is the largest such facility in the…
The governor of NBP, Poland’s central bank, has said that the country’s economic growth will reach 4-4.5% in 2022. “The economy grew by 8.5% in Q1,” Adam Glapinski told reporters on June 9 and added that it “has been gradually slowing down and it is likely to stand at 4-4.5% at the end of the…
More than 220,000 Ukrainian women have found employment in Poland since Russia’s war on Ukraine started, the Polish family and social policy minister has said. “This is good news for our labour market, as all the meetings with employers clearly show that we need more hands on deck,” Marlena Malag said. She said that the…
Financial stability is in less abundance now than it was, the head of the largest lender in Estonia, Swedbank, says, while in adapting to the new norms after a period of getting used to growth, the economy will need to be more flexible. Olavi Lepp, Swedbank’s CEO, said that Estonians had become less well-off in…
Lithuanian Finance Minister Gintare Skaiste has called for the suspension of Russia’s membership in the World Bank, saying the country has violated its fundamental principles. She has also said the world should not give in to Russia’s “blackmail” over the looming global food crisis. Russia is trying to change the narrative and make the international…
A new EU directive sets out common rules for setting the minimum wage. This will be felt in Lithuania, where pay disparities remain high. Algis, who works as a plumber in the Panevezys Emergency Service, makes a few euros more than the minimum wage, which is currently 730 euros on paper or 550 after tax.…
According to data released by Statistics Estonia, in April, Estonia’s exports increased by 4% and imports by 31% YoY. Faster growth in imports contributed significantly to the increase of trade deficit, which reached EUR 542 million in April. In April, Estonia’s exports amounted to nearly EUR 1.6 billion and imports to EUR 2.1 billion at…