Inflation in Ukraine will exceed 30% in 2022. The head of the National Bank of Ukraine, Kyrylo Shevchenko, said this at a briefing on July 21. “According to our forecast, the growth rate of consumer prices will exceed 30% at the end of 2022,” Shevchenko said. He added that inflation in June rose sharply and…
Poland’s retail sales increased in real terms by 3.2% YoY, but fell by 1.4% MoM in June, the Central Statistical Office said on July 21. Economists polled by PAP expected June’s retail sales to grow in real terms by 6.8% YoY and by 0.7% MoM. In current prices, retail sales increased by 19.9% YoY in…
Construction of a new Rail Baltica railway bridge, the longest of its kind in the Baltic countries, began in Lithuania’s central district of Jonava on July 21. Prime Minister Ingrida Simonyte says the bridge over the Neris River and the European standard-gauge railway as a whole will make the country “better connected” to the rest…
Lithuania will soon provide additional military support to Ukraine, as the country is continuing to resist the Russian invasion, the Lithuanian Defence Ministry has said in a press release. Lithuania plans to send to Ukraine M113 and M577 armoured personnel carriers and ammunition for reserve training, the ministry announced on July 20. According to Defence…
Poland’s debt increased by PLN 11.5 billion (EUR 2.41 billion), or by 1%, in June from the month before and reached PLN 1,179 billion (EUR 247 billion), the Finance Ministry reported. The share of foreign currency debt in the total sum reached PLN 263.5 billion (EUR 55.26 billion), or 22.3%, while debt in the domestic…
With gas prices skyrocketing, Lithuanian cities – in particular Vilnius – are desperately looking for ways to cut heating bills. Among the suggestions is burning mazut, a low quality and very polluting fuel oil, which has drawn criticism from environmentalists and politicians. Lithuania’s major cities assure that they can cope with the energy challenges and…
The National Bank of Ukraine has predicted that Ukraine’s economy will contract by a third in 2022. NBU Governor Kyrylo Shevchenko said this at a briefing on July 21. “Ukraine’s economy will shrink by a third in 2022, but if the Black Sea ports are unblocked, it will return to growth in 2023-2024,” Shevchenko said.…