Klaipeda and Siauliai, Lithuania’s third and fourth biggest towns respectively, held events on April 7 where Ukrainians could meet potential employers. During the meetings, employers presented their activities and later met with people interested in jobs in a particular field for one-on-one interviews. Next week, a contact fair with representatives of companies in the service…
The Consumer Price Index (CPI) rose by 15.2% YoY in March, state agency Statistics Estonia reported, with housing-related price changes exerting the greatest influence. Services were 18.1% more expensive than in March last year and goods – 13.7% more expensive. Between February and March the CPI rose by 2.7%, Statistics Estonia said. Viktoria Trasanov, Statistics…
The frozen foreign exchange reserves have been lost to Russia forever, and these funds are likely to be used to rebuild Ukraine. The relevant statement was made by Advisor to President of Ukraine on Economic Affairs Oleh Ustenko. According to Ustenko, half of Russia’s foreign exchange reserves, which were available before February 24 (about $325…
President of the European Council Charles Michel emphasizes that the European Union will continue to support Ukraine. “We will continue to provide humanitarian and financial support to Ukraine. We have a new fund for Ukraine which will facilitate massive investment to restore the country’s economy and infrastructure,” Michel said, speaking at the plenary session of…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, increased the reference interest rate by 100 basis points, to 4.50% on April 6, surprising economists who expected half the increase. The National Bank of Poland’s lombard rate was raised from 4.00% to 5.00%, the rediscount rate from 3.55% to 4.55% and the discount…
Under current conditions state debt maintenance costs may increase slightly, economist of the Bank of Latvia Karlis Vilerts has said at a meeting of Saeima’s Sustainable Development Committee. Although the interest rates remain very low, the high inflation is expected to contribute to a gradual rise of interest rates and, as a result, a rise…
Lithuania cannot unilaterally cut off railway transit between mainland Russia and the exclave of Kaliningrad, according to Transport Minister Marius Skuodis. “As for unilateral decisions on the Kaliningrad transit, such a thing is probably not theoretically possible, because this is an agreement between the European Union and Russia,” he told reporters on April 6. If…