Most employees in Lithuania do not expect their salaries to increase next year or increase less than inflation, according to a survey by Baltijos Tyrimai commissioned by LRT. More than a third (36%) of those working in Lithuania do not expect their salaries to rise next year, the survey shows. Almost three in ten (28%)…
The draft law on the state budget for 2023 was voted in the second reading on December 22. In 2023, the state budget revenues will amount to 64.9 billion lei, up by 9.3% YoY and the expenses will stand at 83.2 billion lei, up by 12.5%. The state budget deficit of 18.3 billion lei will…
Ukrainian President Volodymyr Zelensky said that following his visit to the United States, new agreements were reached regarding assistance to the Ukrainian energy industry. He said this in a new video address, commenting on the results of his visit to the United States of America. In particular, Zelensky recalled that December 22 was the professional…
A bill is being prepared in Poland aimed to provide for reinsurance of risks of enterprises with Polish capital registered in Ukraine in the areas of contracts and investments. Reinsurance will be provided by a Polish state Insurance Corporation (KUKE) for a long-term period (2 years or more). It is also planned to introduce reinsurance…
Poland’s GDP will increase by 1.5% in 2023 while annual average inflation will stand at around 12%, the development and technology minister has said. Minister Waldemar Buda said that he was optimistic about a GDP growth in 2023 and that he believed it would amount to 1.5%. “Analyses speak about values ranging from 0.5% to…
Lithuania’s Defence Resources Agency under the ministry signed a contract this week for the acquisition of the Switchblade 600 combat drones from the US government, the Defence Ministry reported on December 23. “The Switchblade 600 is a next-generation long-range combat drone, featuring high-precision optics, the ability to stay airborne for up to 40 minutes, and…
Poland has been for years the EU’s largest carp producer with its domestic production accounting for 30% of the total EU output, according to the National Support Centre for Agriculture (KOWR). Poland is followed by the Czech Republic and Hungary. According to KOWR, there are over 850 aquaculture farms in Poland with a total pond…