On September 29, Minister of Finance of Ukraine Sergii Marchenko met with the Vice-President of the European Investment Bank (EIB) Teresa Czerwinska. The Deputy Minister of Finance of Ukraine Olga Zykova also took part in the meeting. The parties discussed the financing needs of the state budget until the end of 2022 and in 2023,…
Lithuania has been living with double-digit inflation for almost a year. Food prices have gone up particularly sharply, by around a third. Economists say consumer sentiment is pandemic-like, which means austerity will drag on, especially as more income will be consumed by heating bills. Food producers and processors are frank – prices will have to…
This year, 25 farmers submitted applications for subsidizing investments in green energy. The winning projects will be announced after October 30. The government covers half of entrepreneurs’ investments in green energy systems through several state programs, including subsidies granted by the Agency for Intervention and Payments for Agriculture (AIPA). Minister of Agriculture and Food Industry…
Lithuania dropped four notches to rank 12th out of 165 countries and territories in the Fraser Institute’s latest Economic Freedom of the World index. In the latest report, based on 2020 data, Lithuania scored 7.82 out of a possible 10 points, 1.1 points lower than a year ago. According to the Canadian think tank, Lithuania’s…
Poland’s seasonally adjusted unemployment rate remained unchanged from the previous month at 2.6% in August, Eurostat, the EU’s statistical office, reported. According to Eurostat, the unemployment rate in the eurozone countries, according to seasonally adjusted data, remained unchanged MoM in August, at 6.6%. According to Poland’s Central Statistical Office (GUS), Poland’s unemployment rate went down…
The Lithuanian Defence Ministry on September 30 signed a contract with a Polish company for the acquisition of kamikaze drones for Ukraine. The ministry has said Lithuania will use funds raised in a crowdfunding campaign to buy Warmate drone systems from Poland’s WB Group and hand them over to Ukraine. Deputy Defence Minister Vilius Semeska…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.2% YoY and by 1.6% MoM in September, the Central Statistical Office (GUS) reported in a flash estimate. Economists polled by PAP Business estimated that September’s CPI would reach 16.6% YoY and 1% MoM. In August, the prices of consumer goods and services…