The shelling of energy infrastructure will have no significant impact on consumer price dynamics, but the shift of businesses to power generators could cause inflation to increase by 1-2% in 2023. Yuliya Svyridenko, First Deputy Prime Minister and Minister of Economy of Ukraine, touched upon the issue at a briefing on December 22. “Persistent power…
Romeo Mikautadze, Georgia’s Deputy Minister for Economy and Sustainable Development, on December 23 said the country’s domestic electricity production hit 13 billion kWh this year, a “record-high figure” as well as a 15% increase YoY. Addressing the Parliament’s Environmental Protection and Natural Resources Committee, the official said more than two-thirds of the domestic electricity generation…
A 1,000-HP, 18.3-liter engine driving a 55-ton German self-propelled howitzer PzH 2000 is buzzing in a hangar in Lithuania’s Rukla. As the sound fills the hangar, many in the building, including 18 men in blue uniforms, stare back. The latter are Ukrainian army mechanics who trained in Lithuania in December to repair such howitzers. “This…
The Rural Competitiveness and Resilience Activity (RCRA) Project of the United States Agency for International Development (USAID) has launched an appeal of grants meant for the Associations of Users of Water for Irrigation (AUAI) in order to help them invest in the production and use of renewable energy in the process of pumping and distribution…
Poland’s unemployment rate remained unchanged MoM at 5.1% in November, the Central Statistical Office (GUS) reported. Economists polled by PAP expected a 5.2% unemployment figure in November. The number of registered unemployed measured 800,200 in November against 796,000 in October, GUS also said. Earlier, the Family and Social Policy Ministry estimated November’s unemployment at 5.1%.…
Most employees in Lithuania do not expect their salaries to increase next year or increase less than inflation, according to a survey by Baltijos Tyrimai commissioned by LRT. More than a third (36%) of those working in Lithuania do not expect their salaries to rise next year, the survey shows. Almost three in ten (28%)…
The draft law on the state budget for 2023 was voted in the second reading on December 22. In 2023, the state budget revenues will amount to 64.9 billion lei, up by 9.3% YoY and the expenses will stand at 83.2 billion lei, up by 12.5%. The state budget deficit of 18.3 billion lei will…