Ukraine: capacity of Danube ports to be expanded

Capacity of Ukrainian ports of the Danube will be expanded 1.7-fold, to 25 million tons per year. This plan was announced by the Minister of Infrastructure of Ukraine Oleksandr Kubrakov. “We started with 400 thousand tons in March. Now the shipments amount to 1.5 million tons. We have reached this with limited resources and infrastructure,”…

Poland: unemployment rate down in June 2022

Poland’s estimated unemployment rate in June stood at 4.9% against 5.1% in May, a deputy family and social policy minister said on July 6. “We have one of the lowest unemployment rates in Europe, at 4.9%,” Stanislaw Szwed said. Economists polled by PAP expected the unemployment rate to drop to 5%. Close to 819,700 unemployed…

Georgia: Economy Minister expects private sector to invest in Tskaltubo spa resort project

Georgia’s Economy Minister Levan Davitashvili said he expected the private sector to be “very active” and invest at least GEL 500 million (about $170 million or EUR 166 million) in rehabilitation project for western Georgia’s Soviet-era Tskaltubo resort. Davitashvili said the project would create at least 3,200 jobs directly – both during the construction and…

Poland: retail sales up in May 2022

Polish retail sales grew by 11.2% YoY in May after a 21.1% increase in April, Eurostat, the EU’s statistics agency, reported on July 6. Month on month, retail sales went down by 0.8%, the agency also said. Eurostat annual growth figures are work-day adjusted, while the monthly growth figures are also seasonally adjusted. Eurostat data…