President of the European Council Charles Michel emphasizes that the European Union will continue to support Ukraine. “We will continue to provide humanitarian and financial support to Ukraine. We have a new fund for Ukraine which will facilitate massive investment to restore the country’s economy and infrastructure,” Michel said, speaking at the plenary session of…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, increased the reference interest rate by 100 basis points, to 4.50% on April 6, surprising economists who expected half the increase. The National Bank of Poland’s lombard rate was raised from 4.00% to 5.00%, the rediscount rate from 3.55% to 4.55% and the discount…
Under current conditions state debt maintenance costs may increase slightly, economist of the Bank of Latvia Karlis Vilerts has said at a meeting of Saeima’s Sustainable Development Committee. Although the interest rates remain very low, the high inflation is expected to contribute to a gradual rise of interest rates and, as a result, a rise…
Lithuania cannot unilaterally cut off railway transit between mainland Russia and the exclave of Kaliningrad, according to Transport Minister Marius Skuodis. “As for unilateral decisions on the Kaliningrad transit, such a thing is probably not theoretically possible, because this is an agreement between the European Union and Russia,” he told reporters on April 6. If…
Total production of industrial enterprises in Estonia rose by 1.7% YoY at constant prices on year in February, state agency Statistics Estonia reported. Output increased by 4.7% in manufacturing, the sector with the largest growth, though it decreased by 11.8% in mining and by 16.6% in energy production. Helle Bunder, Statistics Estonia analyst, said: “In…
President of Ukraine Volodymyr Zelensky has called on Spanish companies to stop doing business with Russia. “I know that many of your companies have already stopped financing the Russian military machine through taxes. I want to thank you, your citizens and your government. I am grateful to these companies, to your entire state and society…