Poland: GDP up in Q1 2022

Poland’s Gross Domestic Product (GDP) increased by 8.5% YoY in the first quarter of 2022, the Central Statistical Office (GUS) said on May 31. The figure is in line with GUS’s previous flash estimate. In the fourth quarter of 2021, the country’s GDP rose by 7.6% year, GUS said. Investment went up by 4.3%, private…

Lithuania: Bayraktar combat drones to be bought

Lithuania is considering buying Turkey-made Bayraktar combat drones, Defence Minister Arvydas Anusauskas has said. “The acquisition of combat drones is in the plans, possibly a Bayraktar, too,” Anusauskas told reporters on May 31. “I don’t want to elaborate on all those plans right now.” According to the minister, Lithuania regularly updates its military acquisition plans…

Georgia: MP talks country’s potential for strengthening global energy security

Georgia has “great potential” for strengthening global energy security with the prospect of acting as a bridge between the energy markets of Europe and Central Asia, David Songhulashvili, the Chairman of the Parliamentary Committee on Sectoral Economics and Economic Policy, has said. During a committee meeting in the western city of Zugdidi, Songhulashvii highlighted the…

Ukraine: over 600 enterprises already relocated

More than 600 companies have relocated their capacities from the regions where hostilities are underway. Of those, 390 have already resumed operations. This was stated by the Ministry of Economy on Facebook. “More than 600 companies that took part in the relocation program have moved from the areas where the fighting continued. Some 390 of…