The Polish Prime Minister, Mateusz Morawiecki, has said that the 16% minimum hourly rate hike means that the government is restoring the dignity of work. The minimum hourly wage has gone up to PLN 22.80 (EUR 4.87) from PLN 19.70 (EUR 4.21). “From January 1, the minimum hourly wage has risen to PLN 22.80 per…
Prices on food, alcoholic beverages, housing, water, electricity, gas and other types of fuel increased in Georgia in December 2022, while prices for transportation decreased, the latest inflation data from the National Statistics Office of Georgia showed. Prices for food and non-alcoholic beverages marked a 0.4% MoM increase, including: vegetables (+3%), fish (+2.1%) and milk,…
Amid worries that Europe may face serious energy shortages, the CEO of Lithuania’s electricity grid operator says there will be no power cuts in the country and energy rationing is not in the works. “Last year, especially at the end of the summer when electricity prices spiked, there was a much more serious emphasis on…
Due to the scheduled renovation works, the Kareli-Agara-Khashuri-Surami road in the central Shida Kartli region will be closed for two days this week, the Roads Department has announced. Movement for all types of vehicles will be prohibited on the section. The department said car drivers would be directed through Surami, while trailer and semi-trailer vehicles…
There are currently no discussions in Lithuania on extending the retirement age, a representative of the Ministry of Social Security and Labour has said. “At the moment, there are neither discussions nor decisions taken to extend it (retirement age) more than it is being extended now,” Inga Buskute, head of the ministry’s Pension Group, said…
The State Regulatory Service has drafted a bill proposing to increase at least 100 times fines for officials guilty of excessive administrative pressure on businesses. This was announced by the head of the SRS, Oleksiy Kucher. “We have an imbalance between responsibility for violations in state-business relations. If entrepreneurs disregard law, they face a fine…
The National Bank of Ukraine (NBU) sold $1.102 billion and bought $9.6 million on the interbank foreign exchange market over the past week. Following foreign exchange interventions, between December 26 and December 30, 2022, the National Bank sold $1,101.79 million on the interbank foreign exchange market and bought $9.6 million. In 2022, the National Bank…