Ukraine is increasing sunflower seed export since the start of the war amid the weak export of sunflower oil and a shortage of oil on the global market. The demand from European processors, mainly Bulgarian and Romanian, who are facing a lack of feedstock, is favorable for the export of Ukrainian sunflower seed as well.…
The parliament, at a meeting on May 26, adopted measures of backing the low-income employees from the public sector units. Thus, the MPs amended the law on the single salary payment system in the public sector, in order to increase the volume of compensatory payment from 3,100 to 3,500 lei. Therefore, the employees from the…
The total construction volume of Estonian construction enterprises both in Estonia and abroad combined rose by 14% YoY in the first quarter of 2022, state agency Statistics Estonia reported. Merike Sinisaar, leading analyst at Statistics Estonia, said: “The higher volume of construction in foreign countries was mainly due to civil engineering activities. Construction in foreign…
Around 110,000 people in Lithuania, or 3.9% of the population, lived below the absolute poverty line last year, the country’s statistics office said on May 26. This is down from 140,000 people, or 5.1% of the population, in 2020. Last year, the absolute poverty threshold was defined as living on monthly income of less than…
A temporary suspension of mortgage payments by borrowers who are strapped for cash due to rising interest rates may cost the banking sector up to PLN 20 billion (EUR 4.34 billion), the National Bank of Poland (NBP) has said. The government has proposed the so-called mortgage vacations, a four-month suspension of payments per year, as…
Train travelers will pay more for tickets this summer. Prices of train tickets are set to increase by 11% as of June. Bus operators say they are also considering raising fares. In May, passengers still pay their usual fares for train tickets. But for example, a train ride from Vilnius to Siauliai will cost 1.40…
Inflation in Poland should start to fall in late 2022, provided that the war in Ukraine ends, a deputy finance minister has said. Poland is now battling rising inflation. According to the Central Statistical Office (GUS), prices of consumer goods and services (Consumer Price Index, CPI) in Poland increased by 12.4% YoY and by 2%…