Lithuanian President Gitanas Nauseda said that he would rather see the government subsidise energy costs than raise defence spending to 3% of GDP in 2023, if there were not enough money for both. “We must set our priorities very clearly: if our financial and macroeconomic situation allows it, I’d say that both priorities should be…
Poland’s seasonally adjusted unemployment rate remained unchanged at 2.6% in July from the previous month, Eurostat, the EU’s statistical office, reported on September 1. The unemployment rate in the eurozone countries, according to seasonally adjusted data, went down to 6.6% in July against 6.7% in June. According to Poland’s Central Statistical Office (GUS), Poland’s unemployment…
Mariam Kvrivishvili, the Georgian Deputy Minister of Economy and Sustainable Development, met representatives of the Hungarian budget airline Wizz Air on September 1 in Tbilisi to discuss plans for the next year and prospects for additional flights to Georgia, the Economy Ministry said. Stressing the “successful and strategic” cooperation with the airline, particularly over the…
Lithuanian Railways (LTG) said on September 3 it received advance payments for 2.5-million-euro-worth of Russian transit freight shipments to and from Kaliningrad, meaning that it would continue to transport goods to and from the exclave for around three weeks. Further transit shipments between mainland Russia and its Kaliningrad region will depend on whether LTG’s customers…
North Macedonia has become the first Energy Community Contracting Party to donate emergency energy equipment to Ukraine. “Six electricity transformers given in-kind by the distribution system operator Elektrodistribucija DOOEL, a daughter company of EVN North Macedonia, were delivered to Ukraine,” reads the press release of the Energy Community. “We are grateful to North Macedonia and…
As of late August, Ukraine has accumulated 2 million tons of coal and 13 billion cubic meters of natural gas. The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal at a meeting of the Ukrainian government. According to Shmyhal, the energy sector issues and preparations for the heating season are the top priority…
Poland’s economy is slowing down, with a GDP drop to 2.7% expected in Q3, after a drop from 8.5% to 5.3% in Q2, a state-owned think tank reported on August 31. According to the Polish Economic Institute (PIE), until the end of Q4 inflation will be at 14.5% but should rise to 15.6% in February…