Ukraine: exports down in March 2022

In March, Ukraine’s exports reduced by 57.9% compared to February and imports – by 75.8%. The relevant statement was made by the Ukrainian State Statistics Service. “In March, compared to February, the seasonally adjusted export volumes reduced by 57.9% and import volumes – by 75.8%. The seasonally adjusted foreign trade balance was positive in March,…

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 in a flash estimate on May 17. Economists polled by PAP expected GDP to rise by 8.1%. Quarter on quarter, Poland’s GDP grew by 2.4% in the first three months of this year, GUS…

Lithuania: 2022 budget revised

The Lithuanian parliament on May 17 voted to raise the non-taxable income threshold by 80 euros to 540 euros as of July. This means an increase in income for the lowest earners whose annual income does not exceed the national average. The amendments to the Law on Personal Income Tax were passed with 93 votes…