Poland: CPI up in May 2022

Prices of consumer goods and services (Consumer Price Index, CPI) increased by 13.9% YoY and by 1.7% MoM in May, the Central Statistical Office (GUS) reported on June 15. GUS thus confirmed its earlier flash estimate for both annual and monthly CPI readings in May. In April, the prices of consumer goods and services increased…

Baltic States: housing availability still high

At the beginning of the year housing availability index in Baltic States started limping. The shocks caused by the war in Ukraine have impacted the real estate market a lot. Growing construction costs, shortage of construction materials and rapidly growing inflation causes concerns regarding housing availability in the near future. Swedbank Baltic Housing Affordability Index…

Lithuania: trade representative in Taiwan expected

Lithuania’s Economy Ministry has announced a competition to find a trade representative who will work in Taiwan on developing the country’s economic ties in the Southeast Asian region. “I hope the selected trade representative will not only successfully lead the Lithuanian commercial representative office, but also provide an impetus to attract more investments, promote exports…

Poland: government assumes weaker GDP growth for 2023

Poland’s economic growth will weaken to 3.2% in 2023 from 3.8% expected this year, while inflation will ease from this year’s 9.1% to 7.8% in 2023, the government has assumed in budget guidelines. “Short-term prospects for the Polish economy are highly uncertain owing to the geopolitical situation (Russia’s aggression against Ukraine), turbulence in global production…