Grigeo Klaipeda, a Klaipeda-based cardboard producer that is part of the Grigeo Group, has halted production due to soaring energy prices. Gintautas Pangonis, the group’s president, says production at Grigeo Klaipeda has been suspended for a week, possibly two. He attributed the decision to suspend production for around two weeks to high electricity costs. (BNN/Business…Details
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More than 14,600 Polish companies were written off the official registry in August, up by 6.9% MoM, the Central Statistical Office (GUS) reported. However, as many as 32,434 new companies were registered in August and the number was 4.5% higher compared to July, GUS said. There were about 619,400 companies with suspended operations as of…Details
As energy prices continued to rise, the Lithuanian government unveiled new crisis measures on September 7. As presented by Finance Minister Gintare Skaiste, one of the planned measures is the extension of the VAT relief for central heating. The zero-VAT rate is now planned for two heating seasons: from October this year until the end…Details
Three projects worth 1.2 million euros have been implemented by the Health Ministry with the support of the Czech Republic in the last years. A ceremony on the presentation of the project on the endowment with equipment of the Health Ministry’s Clinical Hospital, implemented with the support of the Czech government, took place on September…Details
Inflation will remain at a high level in the coming months but it should soon start declining owing to a drop in the annualised growth of energy prices, Adam Glapinski, governor of the National Bank of Poland (NBP), has said. Glapinski made the statement at a press conference on September 8, which followed the central…Details
The Ministry of Economy of Ukraine predicts a slowdown in GDP growth in 2022 to 33.2%, confirmed by the trends observed in the second quarter and August. On September 8, the State Statistics Service of Ukraine published data noting the GDP decline in the second quarter amounted to 37.2% (compared to the second quarter of…Details
Ukroboronprom State Concern has signed a framework cooperation agreement with the American corporation, Honeywell. The relevant statement was made by Ukroboronprom State Concern on Telegram. “Ukroboronprom State Concern has signed the framework cooperation agreement with the American multinational corporation, Honeywell. The areas of cooperation will include aviation, unmanned aerial vehicles, navigation and radars,” the report…Details