Euribor, an interbank lending rate that affects interest payments, is set to rise by 1% this year, by 2% in 2023 year and remain at a similar level at least until 2032. According to the Bank of Lithuania, the Euribor hike is expected in mid-summer. It will be felt by almost all residents of the…Details
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Since the start of the full-scale Russian invasion of Ukraine, the European Union has provided a total of EUR 4.5 billion in financial support to Ukraine, Deputy Head of the Office of the President Ihor Zhovkva has announced. “The total amount of assistance that the European Union has provided since the launch of Russia’s open…Details
Moody’s has downgraded the Government of Ukraine’s foreign and domestic currency long-term issuer ratings and foreign currency senior unsecured debt ratings to Caa3 from Caa2. Moody’s has also changed the outlook to negative from ratings under review, concluding the review for downgrade that was initiated on February 25, reads the report released on the agency’s…Details
The National Food Safety Agency (ANSA) on May 23 informed about more controls, made on the last period, as to the quality of the fresh/refrigerated and congealed fish, sold in trade units, in the wake of which non-conformities were detected. According to ANSA, Agency’s inspectors found out more non-conformities, such as: inadequacy of sanitary and…Details
Poland’s retail sales increased in real terms by 19% YoY, but fell by 0.1% MoM in April 2022, the Central Statistical Office (GUS) said on May 23. But in a commentary on the GUS data, the bank said that such a high figure was likely “unsustainable” because in May 2021 customers rushed to shops and…Details
Compared to April 2021, the level of producer prices in Latvian industry increased by 29.9% in April. The level of prices of products sold on the domestic market increased by 39.6% and prices of exported products – by 21.8%. Prices of products exported to euro area countries rose by 26.5% and prices of products exported…Details
The European Commission’s recommendations for Estonia include expanding unemployment insurance benefits to cover non-standard forms of work and updating vehicles. The European Commission on May 23 published its country-specific recommendations for the next six months. The Commission urges Estonia to expedite renewable energy projects, secure cross-border energy links and render the transport sector more environmentally…Details