The three Baltic countries agree on the need to raise defence spending to 3% of GDP. However, Lithuania, Latvia and Estonia plan to achieve the target at their own pace. “Each country individually will increase the defence investment toward 3% of GDP,” Latvian Prime Minister Krisjanis Karins told reporters after meeting with his Lithuanian and…
Over 150 fruits producers, including from the Transnistrian region, participated in a National Conference titled, Business of Fruits in Moldova, held in Chisinau on December 8-9. The event was organized by the Moldova Fruct Association, in partnership with the Rural Competitiveness and Resilience Activity project (RCRA) of the U.S. Agency for International Development (USAID). “A…
The average wage growth in Baltic States in the past ten years has been the most rapid among members states of the Organisation of Economic Cooperation and Development (OECD), according to results of the study by international financial technologies company Tipalti. Data indicates that between 2011 and 2021 the average wage in Latvia has increased…
Poland’s central bank, the National Bank of Poland (NBP), does not predict a recession in the country, but economic growth may fall to zero, the central bank governor has said. At his monthly press conference on December 8 following an interest rate decision a day before, Adam Glapinski said that despite weakening sentiment, Poland should…
Spain was Georgia’s major foreign direct investor country in the third quarter of 2022 with $165.9 million, followed by the United Kingdom with $122.9 million and Ireland with $120.3 million, the National Statistics Office of Georgia reported. The top three sectors with the largest share of FDI in the third quarter of 2022 were as…
Poland’s Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, believes that the current interest rate level is optimal, the central bank governor has said. “The council considers the current interest rate level, which has reached 6.75% following 11 increases, as optimal,” Adam Glapinski told reporters. The RPP left rates unchanged for the third…
Ekspress Grupp, an Estonian media group that owns the Delfi news websites in the Baltic countries, has acquired the Lrytas news website from Lithuania’s Lietuvos Rytas. The agreement on the acquisition of 100% of shares in Lrytas, a subsidiary of Lietuvos Rytas, was signed on December 9, Ekspress Grupp said in a press release. The…