Ukraine’s physical and economic losses as a result of the ongoing war unleashed by Russia are believed to start at $90 billion. Ukraine’s infrastructure and real estate have been hit hardest by Russia’s invasion, with at least $64 billion worth of damage. That’s according to Forbes, referring to the National Bank of Ukraine. “According to…
According to initial estimates, Poland’s 2021 GDP was valued at PLN 2.62 trillion (EUR 560 billion) the Central Statistical Office (GUS) reported on May 12. GUS said the GDP estimate helped the Finance Ministry determine the size and relation to GDP, of the public debt, the State Treasury debt and outstanding liabilities issued by the…
Poland’s consumer authority has imposed a 5.3-million zloty (EUR 1.14 million) fine on Vinted, a Lithuanian 3.5-billion-euro platform for trading second-hand clothing and items. Vinted “had provided inadequate information regarding the conditions of access to the money earned by sellers on the platform and the possibility of opting out of a paid feature protecting buyers”,…
Several employees of the State Enterprise Moldovan Post Office will have increased salaries starting this month, and the management of the institution claims that it will do everything possible to improve the salary situation for each worker in the structure. “Last week, I met with colleagues in the area. I visited Comrat, Taraclia and Ceadar-Lunga…
PGNiG said in a press release its subsidiary PGNiG Upstream Norway expected to extract 3 billion cubic metres of natural gas in 2022, 0.5 billion cubic meters more than originally planned, 2.5 billion cubic meters in 2023 and 2.9 billion cubic meters in 2024. The Polish gas giant also predicted it would extract 863,000 tons…
Over 100,000 Georgian citizens have purchased drugs imported from Turkey over the two months since the launch of the Government initiative to lower medication costs on the local market by importing products from Turkey, Health Minister Zurab Azarashvili has said. Speaking to MPs in the Minister’s Hour format of the Georgian Parliament, Azarashvili said the…
This week’s E-smaspaev, Estonia’s semiannual version of Cyber Monday, boosted one-day online shopping turnover more than threefold, according to overviews by payment solutions providers Maksekeskus and Montonio. While people in Estonia typically spend some EUR 5-7 million per day shopping online, on May 9, they spent EUR 15-21 million buying from online stores, Estonian E-Commerce…