At the beginning of the year housing availability index in Baltic States started limping. The shocks caused by the war in Ukraine have impacted the real estate market a lot. Growing construction costs, shortage of construction materials and rapidly growing inflation causes concerns regarding housing availability in the near future. Swedbank Baltic Housing Affordability Index…
Lithuania’s Economy Ministry has announced a competition to find a trade representative who will work in Taiwan on developing the country’s economic ties in the Southeast Asian region. “I hope the selected trade representative will not only successfully lead the Lithuanian commercial representative office, but also provide an impetus to attract more investments, promote exports…
Poland’s economic growth will weaken to 3.2% in 2023 from 3.8% expected this year, while inflation will ease from this year’s 9.1% to 7.8% in 2023, the government has assumed in budget guidelines. “Short-term prospects for the Polish economy are highly uncertain owing to the geopolitical situation (Russia’s aggression against Ukraine), turbulence in global production…
A 240-metre glass bridge with a suspended cafe has been unveiled for visitors of southern Georgia’s Dashbashi Canyon, with the brand-new infrastructure set to receive tourists starting tomorrow. Launched in a GEL 120-million ($40.8 million or EUR 39 million) investment from Israeli company Kass Land, the bridge spans across the canyon with a “diamond-shaped” cafe…
The Government continues to create the best conditions for Ukrainian business, as it understands that business is the backbone for economic growth and recovery. Prime Minister Denys Shmyhal dwelled on that during a Cabinet of Ministers meeting on June 14. “After the start of the full-scale war, we have been issuing affordable loans averaging over…
On June 13, the Minister of Agrarian Policy and Food of Ukraine Mykola Solsky held a videoconference call with his counterpart, the United States Secretary of Agriculture Thomas J. Vilsack, during which a Memorandum of Understanding (MoU) was signed between the Ministry of Agrarian Policy and Food of Ukraine and the U.S. Department of Agriculture…
Poland’s Consumer Price Index (CPI) will significantly exceed the central bank’s target for the next three years and will likely hit a peak of 15.8% YoY in August, according to a report published by a leading economic think tank on June 14. “For the next three years, inflation will considerably exceed the 2.5% inflation target…