The Asian Development Bank projects the Georgian economy to grow by 7% in 2022, “driven by higher export and tourism revenue, a large inflow of money transfers, and strong private consumption”, the bank said in a report on September 21. The ADB also forecast Georgia’s real gross domestic product growth to be 6% in 2023,…
Vilnius Mayor Remigijus Simasius has said he supports the management of the municipal public transport company, as its workers are planning a strike in October. The trade union of Vilnius Public Transport (Vilniaus Viesasis Transportas, VVT) workers has announced this week it is planning an action over what it says is the management’s failure to…
On the sidelines of the UN General Assembly, Prime Minister of Ukraine Denys Shmyhal and Federal Chancellor of Austria Karl Nehammer discussed the current situation in Ukraine and the issue of food security. This is said in a tweet posted by the Austrian chancellor. “It was a pleasure to meet my Ukrainian counterpart Denys Shmyhal…
The farmers of Vinnytsia region began new season of sugar beets harvesting. Serhiy Borzov, the head of Vinnytsia Regional Military Administratin, reported about it on his Telegram-page. Sugar beets were harvested from the area of 0.8 thousand hectares (1.8%) and amounted to 30.5 thousand tons with the average yield of 381.3 ton/ha. (Ukrsugar/Business World Magazine)
Lithuania’s Finance and Social Security and Labour Ministries have proposed to the government to increase the minimum monthly wage by 110 euros, to 840 euros before tax, from January 1, 2023. The ministries also proposed increasing the non-taxable income threshold by 85 euros, to 625 euros. The Cabinet will consider the rates of the minimum…
Poland’s industrial output rose by 10.9% YoY in August, the Central Statistical Office (GUS) reported on September 20. Month on month, industrial output increased by 0.7%. Economists polled by PAP expected August’s industrial production to grow by 9.8% YoY and to fall by 0.1% MoM. Manufacturing prices increased by 25.5% YoY and by 0.8% MoM,…
The year-on-year price of bread rose by a third in Lithuania in August, according to Eurostat’s Monday data quoted by Reuters. The highest increase in bread price was recorded in Hungary with 66%. Throughout the European Union, the price of bread rose by 18% in August. The prices have been impacted by Russia’s invasion of…