According to the OECD experts, there is no significant need to increase the taxation of various forms of household savings in the developed countries but a lot could be improved in the design of these taxes.
Lithuania plans to take a leading role in enhancing cooperation between China and Central and Southeast Europe (CSE) in the fintech sector.
Lithuania's governmental commission for economic infrastructure development gave permission to buy the FSRU LNG terminal Independence, currently rented, after 2024.
Swedbank, the largest bank in the Baltic region, said it won't be drawn into the money laundering scandals that have affected some of its neighbors in the Baltics.
In the last year there were fewer international mergers and acquisitions (M&A) and fewer investment projects of factories built from scratch. The value of FDIs in Poland fell by more than a half.
Rail Baltica’s woes to continue as Lithuanian Latvian and Estonian auditors launch a probe into the internal control systems and public procurement strategies of the company. At the same time, Baiba Rubesa, CEO of the joint venture, resigned.
Over the course of the last dozen or so months, EU institutions, as well as the Polish Financial Supervision Authority have intensified their efforts to help fintech companies to develop.
Lithuanian Railways will invest EUR7bn by 2030 as part of its long-term strategy. The company aims to increase its annual revenues from EUR448m in 2017 to EUR725m by 2030.
In 2017, the value of fixed capital formation in the EU member states increased by EUR123bn y/y. In Poland, it was EUR5.5bn higher y/y, but its share in relation to GDP decreased to the lowest level in 20 years.
The US natural gas “revolution” has already benefitted European gas consumers: Gazprom has been obliged to lower the prices of many of its long-term contracts with European customers.