Up to 40% of consumers currently have no access to power supply due to large-scale damage the Russian missile strikes inflicted on energy infrastructure. Certain areas are likely to remain in a blackout for several days, says Dmytro Sakharuk, DTEK CEO. “The situation is currently under control, albeit very difficult. The Russians have caused very…
Poland’s rising trade deficit is mainly caused by high prices, a government-sponsored think tank has said. Poland’s trade deficit hit EUR 14.7 billion after September, the Central Statistical Office (GUS) reported on November 17. Marek Wasinski, an expert with the Polish Economic Institute (PIE), said in a comment to the GUS data that the growth…
Additional defence budget planned in 2023 government spending bill will be used to purchase weapons and ammunition, according to Defence Minister Arvydas Anusauskas. “I believe it would go toward our major arms and ammunition purchases,” the minister said on November 17. “All countries are queuing up to buy weapons, and we want to increase some…
Georgian finance minister Lasha Khutsishvili on November 17 said reducing the country’s external debt, which currently stood at $22.3 billion, was among the government’s priorities. Presenting next year’s budget in the parliament, the official said financial bodies would take on more internal debt – obtained by issuing treasury bonds and treasury obligations – to keep…
The Lithuanian parliament decided to hold its final vote on the government’s 2023 budget on November 22 after debating the revised draft plan on November 17. The motion to set the date for the final vote passed in a vote of 66 to 14 with 33 abstentions. Mykolas Majauskas, chairman of the parliamentary Committee on…
The values that serve as criteria for defining the status of micro, small and medium enterprises (SMEs) have been amended. As a result, the number of companies registered as SMEs will increase by at least 805 companies. The changes provide for the doubling of turnover thresholds for the award of micro, small and medium enterprise…
PKP Intercity, Poland’s leading passenger railway service, carried a record number of passengers as of mid-November. Since January, PKP Intercity has serviced more than 50 million passengers, according to a statement released on November 17. This is the best result since 2019 when, in the same period, nearly 49 million people traveled on the carrier’s…