While inflation has been rampant across Europe, Lithuanians are particularly concerned about rising prices. Meanwhile, Germans still find consumer prices acceptable and wonder how Lithuanians survive on their income. Lithuania reported inflation of 11% at the end of last year, something unseen since the boom of the 2000s. Forecasts for inflation this year range from…
The average commission rate for money transfers increased by 3.7% in January-November 2021, according to the data of the State Statistics Committee. In particular, in November 2021, the cost of this service on average rose by 1% at once. Before that, prices have been rising slowly for several months. Thus, in September 2021, the monthly…
Estonia: price and wage inflation likely feature of much of the year Rapid inflation experienced in the latter part of 2021 will show no sign of abating in the first half of 2022, according to some experts, while price rises might even be exacerbated by wage inflation prompted by the inflation, setting off a vicious…
Some Lithuanian trucks have been stranded in Kazakhstan due to massive unrest gripping the country. The real situation is difficult to know due to Internet and mobile network blockages, but logistics companies have already been affected, business representatives say. According to Linava, Lithuania’s National Road Carriers Association, the mass unrest in Kazakhstan complicates the logistics…
Ukraine will continue to implement important structural reforms for the well-being of its citizens, with the support of the European Union, Prime Minister Denys Shmyhal has said at a meeting with EU High Representative for Foreign Affairs and Security Policy Josep Borrell in Kyiv. “Among the reforms we have launched is the implementation of the…
The State Property Fund of Ukraine puts up the Odesa Sparkling Wine Factory for sale at a starting price of UAH 87.4 million. “The Odesa Sparkling Wine Factory, one of the oldest enterprises, was put up for privatization. It was there in 1899 that the history of sparkling wine production in Ukraine began,” the State…
The circulation term of Georgian Lari (GEL) banknotes issued in 1995 and 1999 expired on January 1, the National Bank of Georgia (NBG) reported. Banknotes of all GEL denominations issued since 2002 are legal tender across the country. “All legal entities and individuals are obliged to receive and pay with these banknotes without any problems,”…