The inflow of foreign direct investment (FDI) into Poland in 2021 hit a record high of $24.8 billion, up by 82% from pre-pandemic 2019. According to the state-owned think tank, Polish Economic Institute (PIE), Poland was 14th in the world and the third in the EU, behind Germany and Sweden, in terms of the value…
Unions in Estonia want the monthly minimum wage to be hiked extraordinarily, to EUR 700, citing inflation and high energy prices. Employers are more lukewarm about the idea. The current minimum wage per month is EUR 654, set at the end of last year. The Confederation of Trade Unions (Ametiuhingute keskliit) made its proposal to…
Around 102,000 Ukrainian citizens have found employment in Poland since February 24, when Russia invaded their country, the daily Rzeczpospolita wrote on May 5 citing the Labour Ministry’s data. Under the Polish government’s special law passed in early March, Ukrainian citizens can take up work in Poland without the need to obtain a special permit.…
Lithuanian seaside entrepreneurs say that both accommodation and food will cost more this summer. Holidaymakers are already noticing the price differences. Palanga, Lithuania’s most popular seaside spot on the Baltic coast, is finishing the last upgrades before the summer season kicks off, such as a new pathway to the sea. It is partly funded by…
Tbilisi International Airport will be able to receive larger aircraft following an upgrade that has seen the construction of an additional lane and a taxiing pitch, the country’s Economy Ministry has announced. The upgrades will increase both capacity and safety of the runway of the airport and will reduce the take-off and manoeuvring time for…
During his working visit to Warsaw on May 5, the Prime Minister of Ukraine Denys Shmyhal met with the President of the Council of Ministers of the Republic of Poland Mateusz Morawiecki. Denys Shmyhal thanked Poland for significant financial assistance to Ukraine totaling $2.7 billion. He also thanked the Polish Government for supporting Ukraine, including…
NNEGC Energoatom and the U.S.-based Westinghouse continue their joint work on the project of construction of new AR-1000 power units at Ukrainian NPPs, by Energoatom CEO Petro Kotin has said commenting on the prospects of nuclear energy in Ukraine. “We have signed really high-level documents with the American side, Westinghouse, on the construction of our…