Current figures confirm a gradual slowing of Poland’s economy, the head of the Polish central bank said on October 6. Adam Glapinski said the economic slowdown would be a global phenomenon, but noted that declining economic growth might help curb inflation. He added that the main reason for the slowdown was the war in Ukraine,…
On October 7, the Lithuanian government approved the 2023 state budget bill and it would be put before the country’s parliament, the Seimas, this week. State budget revenue will grow by 3.4% next year, to 15.62 billion euros, including EU funds. Expenditure is projected to go up by 6.1%, to 18.61 billion euros. The projected…
The United Nations Development Program (UNDP) announced on October 7 the completion of conservation works for the synagogue and church in Rascov, on the left bank of the Dniester. It was possible due to the support of the EU Confidence-Building Measures Programme, implemented by UNDP Moldova. “Such constructions no longer exist in Moldova. The stone…
The turbulence buffeting sectors such as the energy market, which has helped drive up in inflation in Poland, appears to be abating, the head of the Polish central bank said on October 6. Turmoil on the world energy market caused by the Ukraine war and a global scramble for non-Russian sources of oil and gas…
On October 7, the Lithuanian government backed plans to raise the minimum monthly wage by 15%, to 840 euros before tax, amounting to 633 euros after tax. The non-taxable income rate will rise by 16%, to 625 euros. Finance Minister Gintare Skaiste says both increases will give those on a minimum wage some 83 euros…
The head of the National Bank of Poland (NBP) has said a recent cycle of interest-rate hikes is merely on hold rather than formally at an end. The NBP has increased interest rates 11 times in recent months to help combat an inflation rate that hit 17.2% in September. “It is a halt in the…
In more than two months of the operation of the “grain corridor”, 6.2 million tons of agricultural products have been sent through the seaports of Ukraine, accounting for 48% of the total agricultural exports. “Before Russia invaded Ukraine, 80-90% of all agricultural exports were delivered through seaports. When they were blocked, we had to redistribute…