The enterprises, the assets of which have been forcibly transferred into state ownership, should meet Ukraine’s defense needs, and some of them will restore the production capacities that have been lost. The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal at a briefing. “These five enterprises are governed and must fully meet our…
Five Lithuanian companies sanctioned by Moscow say they have no business relations with Moscow. The firms, active in military and technology sectors, were among 74 foreign firms sanctioned by Russia. The Lithuanian companies named in the sanctions list are Aviabaltika Aviation Ltd (which is linked to Aviabaltika), Helisota, Defensus, ASU Baltija and Defensa. It was…
Polish retail sales went up by 8.4% YoY in September after an 8% increase in August, Eurostat, the EU’s statistics agency, reported on November 8. Month on month, retail sales went up by 1.4%, the agency also said. Retail sales in the eurozone fell by 0.6% YoY in September after a 2% decline a month…
Georgian parliament speaker Shalva Papuashvili on November 8 met with representatives of Tokyo Electric Power Company and Itochu Corporation to promote Georgia’s investment and transit potential. At the meeting with Masaki Honda, the managing director of TEPCO, Papuashvili welcomed the purchase of a 31.4% stake in the Georgian company Dariali Energy by TEPCO Renewable Power,…
Poland’s GDP growth will come to about 1% in 2023, Pawel Borys, the head of the state development fund, PFR, has said. “Undoubtedly, we are a competitive economy with an improving infrastructure, an attractive country to locate investments, with high potential for productivity growth, which translates into good GDP growth parameters,” Borys told a corporate…
Last month, Parliament saved 30.3% on electricity consumption, compared to the same period last year. According to the parliament’s communication and public relations department, this summer the manual mode of connecting and disconnecting the air conditioning system was switched over, so that, in the absence of people in the room, including in the plenary session…
Poland’s unemployment rate likely stood at 5.1% in October, unchanged from September, according to an estimate by the Labour Ministry. Labour Minister Marlena Malag said on November 8 that the data showed that the economic slowdown had not yet affected the labour market. “We still have 5.1% after the correction, which is lower than in…