Lithuania: EUR 500 million to be invested in military mobility projects to accommodate NATO equipment

Lithuania is planning to spend around 500 million euros on military mobility projects over five years. According to Transport and Communications Minister Marius Skuodis, half of the money is expected to come from the European Commission and the other half from Lithuania’s national budget. Skuodis and Defence Minister Arvydas Anusauskas met to discuss priority projects…

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 May 31. Analysts surveyed by PAP expected a 13.8% annual hike in consumer prices in May and a 1.6% monthly increase. In April, the prices of consumer goods…

Poland: GDP up in Q1 2022

Poland’s Gross Domestic Product (GDP) increased by 8.5% YoY in the first quarter of 2022, the Central Statistical Office (GUS) said on May 31. The figure is in line with GUS’s previous flash estimate. In the fourth quarter of 2021, the country’s GDP rose by 7.6% year, GUS said. Investment went up by 4.3%, private…

Lithuania: Bayraktar combat drones to be bought

Lithuania is considering buying Turkey-made Bayraktar combat drones, Defence Minister Arvydas Anusauskas has said. “The acquisition of combat drones is in the plans, possibly a Bayraktar, too,” Anusauskas told reporters on May 31. “I don’t want to elaborate on all those plans right now.” According to the minister, Lithuania regularly updates its military acquisition plans…

Georgia: MP talks country’s potential for strengthening global energy security

Georgia has “great potential” for strengthening global energy security with the prospect of acting as a bridge between the energy markets of Europe and Central Asia, David Songhulashvili, the Chairman of the Parliamentary Committee on Sectoral Economics and Economic Policy, has said. During a committee meeting in the western city of Zugdidi, Songhulashvii highlighted the…