The consumer price index (CPI) rose by 20% YoY in May, state agency Statistics Estonia said, driven primarily by soaring energy prices starting from last autumn. Services alone were 28.8% more expensive than in May last year, goods cost 15.7% more. Viktoria Trasanov, leading analyst at Statistics Estonia, said: “Electricity to the home was 146.3%…
Lithuanian recruitment company Nermeka and ice cream producer IceCo were fined for exploiting Ukrainian workers, which was revealed by Siena Centre for Investigative Journalism last month. Nermeka is a company that provides recruitment services to job seekers and workers for companies seeking employees. When the war broke out in Ukraine, the company announced on social…
The Ukrainian side would like the European Union to include a total embargo on Russian energy in the seventh package of sanctions. “What would we like to see in the seventh package of sanctions? Of course, time will tell, but we are talking about a total embargo on Russian energy, i.e. pipeline oil, but this…
According to the State Customs Service of Ukraine, since the start of 2021-2022 MY (July 1) and as of June 6, Ukraine has exported 47.177 million tons of grains and pulses. So far in June, Ukraine has exported 148 thousand tons of grains and pulses. The total included 18.578 million tons of wheat (8 thousand…
Inflation in the Georgian economy will remain close to the target in the middle of 2023 “if there are no shocks”, Archil Mestvirishvili, the Vice President of the National Bank of Georgia, said on June 6 at a meeting of the Sector Economy and Economic Policy Committee in Parliament. Mestvirishvili noted inflation would be close…
Latvia’s economy has done well to weather the crisis caused by Covid-19. However, Russia’s invasion of Ukraine has worsened recovery perspectives, as mentioned in European Commission’s 2022 report about Latvia. According to the European Commission, the effect of the crisis on Latvia’s economy was lower than the average in the European Union. Its recovery was…
A night’s stay on Poland’s Baltic coast is more expensive than visiting the Adriatic this year due to a short holiday season and limited accommodation places, an analyst from the Polish Economic Institute (PIE) reports. Paula Kukolowicz of PIE’s strategy team added that the costs of traveling to the Polish coast and eating out remained…