The Customs Service has announced that there is an increased traffic of cargo trucks in the customs posts located on the Moldovan-Romanian border, on the way out of the Republic of Moldova. According to the institution, the number of lorries cleared in a 24-hour period is constantly increasing, respectively, in the last days there has…
The labour market remains in good condition, the development and technology minister has said commenting on the newest data from Poland’s statistical office. The Central Statistical Office (GUS) announced on August 19 that Poland’s corporate employment increased by 2.3% and the average corporate gross wage rose by 15.8% YoY in July, with both figures at…
Viciunu Grupe (Viciunai Group), controlled by Kaunas Mayor Visvaldas Matijosaitis and Liudas Skierius, says it has found five potential buyers for its Russian business. The group, however, refrained to estimate how long it would take to sell and transfer the business. On August 19, the company said that EY (Ernst & Young) experts had drawn…
Armenian Prime Minister Nikol Pashinyan said a “noticeable growth” was observed in the Armenian-Georgian trade and economic relations “despite challenges”. “We have a 97% increase in trade turnover”, Pashinyan said at the opening ceremony of the Bridge of Friendship on the border crossing between the two states on the Debeda River. The PM also said…
Scheduled annual maintenance on the NordBalt electricity cable between Lithuania and Sweden has been put off for more than two months due to the difficult situation in the electricity market. The Lithuanian Energy Ministry said that Litgrid, the country’s power transmission system operator, had made the decision on the ministry’s instructions. According to the Energy…
Poland’s industrial output rose by 7.6% YoY in July, the Central Statistical Office (GUS) reported. Month on month, industrial output decreased by 6.5%. Economists polled by PAP expected July’s industrial production to grow by 7.3% YoY and to fall by 6.6% MoM. Manufacturing prices increased by 24.9% YoY and by 0.9% MoM, GUS reported. Economists…
Skyrocketing gas and electricity tariffs promise to hurt Baltic countries this winter and possibly drive some poultry farms to bankruptcy. Darius Gudaciauskas, director of Lithuanian poultry companies Vilnius Poultry and Kaisiadoriu Poultry, said that the increased gas and electricity prices in 2022 had hit his business much harder than the Covid-19 pandemic in the previous…