The eRobota program started on July 1. From now on, everyone can apply for a non-refundable grant for business through Diia, Prime Minister Denys Shmyhal has announced during the Government meeting. “As we promised, we are launching the eRobota program. These are grants for creating startups, expanding small and medium-sized businesses, as well as acquiring…
Moldova has committed to speed up the reforms in the energy sector, being advantaged by the position of country candidate for accession to the European Union. Deputy Prime Minister, Infrastructure and Regional Development Minister Andrei Spinu made statements to this effect at the second High-Level Dialogue on Energy European Union-Moldova, held in Brussels. The event…
Lithuania’s Ministry of Defence has tripled funding for the Lithuanian Riflemen’s Union, a paramilitary non-profit, with funds earmarked for procuring weapons and equipment. The Lithuanian Riflemen’s Union has been allocated up to 4.8 million euros in additional funding this year, which is a three-fold increase compared to last year. The Union, the main activity of…
Inflation in the 19 countries using the euro currency has climbed to a record 8.6%. Surging energy prices amid the Ukraine war have pushed prices up. The euro hit a record 8.6% in June, up by 0.5% MoM. Inflation was pushed by an increase in energy costs, which had risen by 41.9% compared to last…
Poland’s Purchasing Managers’ Index (PMI) fell to 44.4 points in June from 48.5 points in May, economic researcher S&P Global reported. Economists polled by PAP predicted the PMI would reach 48.0 points in June. The June reading was the lowest in 25 months. S&P Global said high inflation and growing geopolitical tensions dampened new orders…
As of July 1, flavoured electronic cigarettes are no longer available in Lithuania. The new ban aims to tackle the rise in smoking among teenagers and children. “The use of electronic cigarettes among teenagers aged 15 to 16 is one of the highest in Europe, second only to Monaco,” said Grazina Belian, interim head of…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 15.6% YoY and by 1.5% MoM in May, the Central Statistical Office (GUS) reported in a flash estimate. Economists polled by PAP Business estimated that CPI would reach 15.5% YoY and 1.4% MoM. This is the highest CPI reading in Poland since 1997.…