Poland’s Gross Domestic Product (GDP) increased by 8.5% YoY in the first quarter of 2022, the Central Statistical Office (GUS) said on May 31. The figure is in line with GUS’s previous flash estimate. In the fourth quarter of 2021, the country’s GDP rose by 7.6% year, GUS said. Investment went up by 4.3%, private…
Lithuania is considering buying Turkey-made Bayraktar combat drones, Defence Minister Arvydas Anusauskas has said. “The acquisition of combat drones is in the plans, possibly a Bayraktar, too,” Anusauskas told reporters on May 31. “I don’t want to elaborate on all those plans right now.” According to the minister, Lithuania regularly updates its military acquisition plans…
Georgia has “great potential” for strengthening global energy security with the prospect of acting as a bridge between the energy markets of Europe and Central Asia, David Songhulashvili, the Chairman of the Parliamentary Committee on Sectoral Economics and Economic Policy, has said. During a committee meeting in the western city of Zugdidi, Songhulashvii highlighted the…
Five bus companies have sent a joint appeal to the Estonian president, prime minister and government seeking to make changes to contracts concluded with the state, as rising fuel prices are making it impossible for them to fulfill their contractual obligations under current contract conditions. According to the appeal, which was signed by Hansabuss, Sebe,…
Ukraine has exported more than 46.9 million tons of grain and leguminous crops as of May 30, including 1.06 million tons in May, the press service of the Ministry of Agrarian Policy reports, referring to figures from the State Customs Service. Since the beginning of the 2021-2022 marketing year, Ukraine has exported 46.93 million tons…
More than 600 companies have relocated their capacities from the regions where hostilities are underway. Of those, 390 have already resumed operations. This was stated by the Ministry of Economy on Facebook. “More than 600 companies that took part in the relocation program have moved from the areas where the fighting continued. Some 390 of…
With inflation in Lithuania at its highest level in decades, up to 50% of the country’s population have cut back on spending, according to a new survey. Only around a fifth have not changed any consumption habits despite soaring prices, the survey conducted by Vilmorus for BNS suggests. The poll found that 40% of respondents…