Poland’s core inflation, excluding the prices of food and energy, measured 8.5% YoY in May, up from 7.7% in April, the National Bank of Poland (NBP) said. Core inflation, excluding fixed prices, amounted to 14% in May, up from 12.2% in the previous month. Core inflation, excluding the most volatile priced items, measured 10.4% in…
With more people frequently crossing the Lithuanian-Belarusian border, Lithuania’s customs officers say they will step up controls to prevent smuggling. Over 124,000 people crossed the border in January-March, almost four times more than during the same period in 2021, the customs service said. Such frequency suggests that some travelers may be transporting goods for illegal…
Employment in the Polish national economy grew by 1.6% YoY, to 15 million in 2021, the Central Statistical Office (GUS) said. The largest increase was reported in the information and communication sectors, where a 7.2% rise was reported, while the largest drop was recorded in the mining sector (-2.6%) as well as in finance and…
Lithuania has recovered its former highest place in the world competitiveness index published by the Swiss Institute of International Management (IMD). In 2022, it ranks 29th among 63 countries. “To increase the competitiveness of Lithuania, we must seek changes in a number of fields – from stability of economic environment to effective work of the…
Georgia received $258 million from international tourist visits in May, up by 250.4% YoY, the Georgian National Tourism Administration said. Revenues from international tourism have also recovered by 95.6% compared to the pre-pandemic 2019, the GNTA said. In the first five months of 2022, revenues from international tourism reached $840 million, up by 374.5% YoY…
In Q1, there were 28.2 thousand job vacancies in Latvia, up by 6.6 thousand vacancies or by 30.3% YoY, however the pre-pandemic level had not been reached yet (on average 29.1 thousand in 2019). In private sector there were 17.8 thousand and in public sector 10.4 thousand job vacancies. Over the year the number of…
Poland’s Harmonised Index of Consumer Prices (HICP) rose to 12.8% YoY in May, against an 11.4% growth in the previous month, Eurostat, the European Union’s statistics office, reported. Month on month, prices increased by 1.6%, Eurostat data showed. HICP is calculated according to uniform Eurostat methodology. According to Poland’s Central Statistical Office (GUS), the prices…