Armenian Prime Minister Nikol Pashinyan said a “noticeable growth” was observed in the Armenian-Georgian trade and economic relations “despite challenges”. “We have a 97% increase in trade turnover”, Pashinyan said at the opening ceremony of the Bridge of Friendship on the border crossing between the two states on the Debeda River. The PM also said…
Scheduled annual maintenance on the NordBalt electricity cable between Lithuania and Sweden has been put off for more than two months due to the difficult situation in the electricity market. The Lithuanian Energy Ministry said that Litgrid, the country’s power transmission system operator, had made the decision on the ministry’s instructions. According to the Energy…
Poland’s industrial output rose by 7.6% YoY in July, the Central Statistical Office (GUS) reported. Month on month, industrial output decreased by 6.5%. Economists polled by PAP expected July’s industrial production to grow by 7.3% YoY and to fall by 6.6% MoM. Manufacturing prices increased by 24.9% YoY and by 0.9% MoM, GUS reported. Economists…
Skyrocketing gas and electricity tariffs promise to hurt Baltic countries this winter and possibly drive some poultry farms to bankruptcy. Darius Gudaciauskas, director of Lithuanian poultry companies Vilnius Poultry and Kaisiadoriu Poultry, said that the increased gas and electricity prices in 2022 had hit his business much harder than the Covid-19 pandemic in the previous…
Poland’s average corporate gross monthly wage rose by 15.8% YoY, to PLN 6,554.87 (EUR 1,375) in July, the Central Statistical Office (GUS) said on August 19. In monthly terms, the average wage rose by 3.4%. Economists polled by PAP expected a 12.8% annual increase in the corporate wage in July and a 0.7% monthly growth.…
The insured persons from the Cimislia district will benefit from high-performance services, such as ultrasound, sonodopplerography, diagnostic, curative and operative endoscopy. The National Medical Insurance Company has signed an additional agreement worth 100 thousand lei with the Cimislia District Hospital, which will offer high-performance medical services for the first time. “Insured persons from the Cimislia…
The Lithuanian government will provide partial compensation to customers of Perlas Energija, an independent electricity supplier, after its announcement of the suspension of operations, Energy Minister Danius Kreivys has said. “Perlas Energija consumers from the first and second electricity market liberalisation phase can choose another electricity supplier, and they should do it until September 1,”…