Inflation in the 19 countries using the euro currency has climbed to a record 8.6%. Surging energy prices amid the Ukraine war have pushed prices up. The euro hit a record 8.6% in June, up by 0.5% MoM. Inflation was pushed by an increase in energy costs, which had risen by 41.9% compared to last…Details
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Poland’s Purchasing Managers’ Index (PMI) fell to 44.4 points in June from 48.5 points in May, economic researcher S&P Global reported. Economists polled by PAP predicted the PMI would reach 48.0 points in June. The June reading was the lowest in 25 months. S&P Global said high inflation and growing geopolitical tensions dampened new orders…Details
As of July 1, flavoured electronic cigarettes are no longer available in Lithuania. The new ban aims to tackle the rise in smoking among teenagers and children. “The use of electronic cigarettes among teenagers aged 15 to 16 is one of the highest in Europe, second only to Monaco,” said Grazina Belian, interim head of…Details
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 15.6% YoY and by 1.5% MoM in May, the Central Statistical Office (GUS) reported in a flash estimate. Economists polled by PAP Business estimated that CPI would reach 15.5% YoY and 1.4% MoM. This is the highest CPI reading in Poland since 1997.…Details
The European Commission has not yet taken a decision on Kaliningrad transit sanctions, Lithuanian MEP Petras Austrevicius has said. “On June 30, European Commission officials, in response to my request to discuss the Kaliningrad transit issue in the EP Committee on Foreign Affairs, confirmed that there was currently no final decision on the matter,” he…Details
European grid operators are ready to implement immediately a long-term plan to bring the Baltic States, which rely on the Russian grid, into the European Union system in the event Moscow cuts them off, three sources familiar with the matter say. Concern about depending on Russia for any form of energy has mounted across Europe…Details
Saudi Arabian budget airline Flyadeal has made its inaugural flight to Georgia from the capital Riyadh and resort city of Jeddah with brand new Airbus A320neo aircraft, the United Airports of Georgia reports. The jet landed at Tbilisi International Airport last night, with an official welcoming ceremony hosted to mark the maiden connection. The Director…Details