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Author Archives: admin

Estonia: Swedbank and SEB raise prices for in-branch services

EstoniaBy admin2022-07-13Leave a comment

Estonia’s two largest retail banks, Swedbank and SEB, are increasing the prices of their in-branch services. The cost for customers completing a bank transfer at a Swedbank or SEB branch will soon rise to EUR 5. When asked if the price increases were a result of the current market situation, Tarmo Sulla, Swedbank’s head of…

Lithuania: Vilnius hosts conference on rebuilding Ukraine

LithuaniaBy admin2022-07-13Leave a comment

Lithuania’s Economy and Innovation Ministry held a conference in Vilnius on July 12 to bring together politicians and representatives of the business and expert community to discuss plans of rebuilding Ukraine. Economy and Innovation Minister Ausrine Armonaite says Lithuania can demonstrate leadership to the whole world by providing not only military and political assistance to…

Poland: annual inflation to slightly exceed 14% in 2022

PolandBy admin2022-07-13Leave a comment

The 2022 annual inflation rate in Poland will come to 14.2%, will fall to 12.3% in 2023 and to 4.1% in 2024, according to a new central bank report. “Inflation will reach its peak in the first quarter of 2023 when it will grow to 18.8%,” the National Bank of Poland (NBP) wrote in the…

Ukraine: PM and Mark Rutte discuss restoration and confiscation of frozen russian assets

UkraineBy admin2022-07-13Leave a comment

On July 11, the Prime Minister of Ukraine Denys Shmyhal held a meeting with the Prime Minister of the Netherlands, Mark Rutte. The Head of the Ukrainian Government thanked the Netherlands for its solidarity and strong support of the state in all spheres: from the supply of necessary weapons to humanitarian and financial assistance. Denys…

Ukraine: more than 400 thousand tons of grain exported

UkraineBy admin2022-07-12Leave a comment

According to the State Customs Service of Ukraine, since the start of 2022-2023 MY (July 1) and as of July 11, Ukraine has exported 402 thousand tons of grains and pulses. The total included 71 thousand tons of wheat (210 thousand tons as of the same date last year), 17 thousand tons of barley (18…

Poland: e-commerce market to double by 2027

PolandBy admin2022-07-12Leave a comment

The Polish e-commerce market is expected to expand to twice its current size until 2027 and its share in total retail sales is likely to reach 17% in five years’ time, a new report has found. The electronic commerce market will grow by more than PLN 94 billion in value (EUR 19.6 billion) over the…

Lithuania: only 15% of Kaliningrad cargo affected by sanctions

LithuaniaBy admin2022-07-12Leave a comment

Only 15% of all goods transiting Lithuania to Russia’s exclave of Kaliningrad are affected by sanctions, Lithuanian Railways (LTG) said on July 11. “Out of this volume, ferrous metals comprised up to 9% of the total transit cargo traffic between mainland Russia and Kaliningrad, cement accounted for 3%, alcohol products – 1.4% and timber products…

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