The National Bank of Ukraine has predicted that Ukraine’s economy will contract by a third in 2022. NBU Governor Kyrylo Shevchenko said this at a briefing on July 21. “Ukraine’s economy will shrink by a third in 2022, but if the Black Sea ports are unblocked, it will return to growth in 2023-2024,” Shevchenko said.…
In the second quarter of 2022, Astarta-Kyiv agri-industrial holding sold 14% more sugar than in the first quarter. This is stated in the company’s press release published on the Warsaw Stock Exchange. During the specified period, Astarta sold 63.1 thousand tons of sugar. In the first quarter, sugar sales fell by 16%, to 95.7 thousand…
Poland’s average corporate gross monthly wage rose by 13% YoY, to PLN 6,554.87 (EUR 1,375) in June, the Central Statistical Office (GUS) said on July 20. In monthly terms, the average wage rose by 2.4%. Economists polled by PAP expected a 13.3% annual increase in the corporate wage in June and a 2.7% monthly growth.…
In June, actual unemployment rate in Latvia constituted 6.3% and compared to May it reduced by 0.2%. Unemployment rate among females fell by 0.1%, to 5.4%, and among males by 0.3%, to 7.2%, according to results of the Labour Force Survey conducted by the Central Statistical Bureau of Latvia (CSP). The unemployment rate registered with…
Lithuania would have no difficulty meeting the European Commission’s recommendation to reduce its natural gas consumption in case there are shortages in winter, Energy Minister Dainius Kreivys said on July 20. “The biggest discussion is about reducing gas use by 15%, but that reduction could only be required when there is an emergency,” he told…
The Economics Ministry encourages perspectives of enhancing the competitiveness in the field of electronic industry from Moldova, according to Economics Minister Sergiu Gaibu. On July 19, the minister visited ADD Grup, a company producing smart electricity meters and smart water meters. The goal of the visit was to discuss perspectives of development and growth of…
Poland’s industrial output rose by 10.4% YoY in June, the Central Statistical Office (GUS) reported on July 20. Month on month, industrial output decreased by 0.3%. Economists polled by PAP expected June’s manufacturing to grow by 11.2% YoY and by 0.9% MoM. Seasonally adjusted industrial production went up by 10.5% YoY, but declined by 0.9%…