Poland is to cap electricity prices for all households from next year, with a limit of up to 2,000 kWh of annual use. Morawiecki presented the new measure, which was part of a broader package of facilitations dubbed “The Shield of Solidarity”, at a press conference on September 15. “The Shield of Solidarity” is designed…
About 70,000 tons of grapes of various varieties have been processed as part of the ongoing harvest in Georgia’s eastern winemaking region of Kakheti. The harvest has been processed by 150 wine companies and cellars, with about 7,000 growers handing in their grapes to private wine enterprises this year. As of September 16, over 300…
Polish medium-sized companies (SMEs) are facing an additional burden from a minimum wage hike, seen at PLN 18.16 billion (EUR 3.84 billion) next year, according to the rationale to a government regulation. Poland’s minimum wage will rise by 15.9% in January 2023, but total growth will ultimately reach 19.6% after the second increase in July.…
On September 16, Lithuania began building a new military base in Pajuris, a small town in the western district of Silale. Darnu Group will build the new military infrastructure site under a contract signed with the Defence Ministry last year. The new complex will be built next to modular barracks that have housed the Brigadier…
Poland’s Harmonised Index of Consumer Prices (HICP) rose to 14.8% YoY in August, against a 14.2% growth in the previous month, Eurostat, the European Union’s statistics office, reported. Month on month, prices increased by 0.8%, Eurostat data showed. HICP is calculated according to uniform Eurostat methodology. According to Poland’s Central Statistical Office (GUS), prices of…
Since year-start, food prices in Ukraine have increased by an average of 25%, with the largest price hikes recorded for fruits and vegetables, the State Statistics Service reports. Prices for food products and alcoholic beverages have increased by 25% since the beginning of 2022, the report says. Fruit prices have gone up by 60.2%, while…
Representative of the Cabinet of Ministers in the Verkhovna Rada, Taras Melnychuk, revealed some indicators of the draft state budget for 2023, which was registered by the government in the parliament. “When developing the draft law “On the State Budget of Ukraine for 2023″, a moderately conservative scenario of the macroeconomic forecast was used to…