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29th Mar 2024

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Taiwan rewards Lithuania with $1bn of credit

Taiwan has granted Lithuania a $1bn (€0.9bn) credit line to help Lithuanian firms invest in microchip production in the Asian country and to offset economic losses caused by an informal China trade embargo. The move comes shortly after Taipei unveiled a $200m investment fund for inside Lithuania. And the aid "can be stepped up further," it said, after Lithuania braved China's ire to let Taiwan open a quasi-embassy in Vilnius.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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