The Republic of Korea can contribute to the reconstruction of Ukraine after the end of the war. “In particular, to rebuild the destroyed infrastructure. We will also adopt the Korean experience of industrial modernization, which is extremely relevant for us today. I discussed these topics with Na Kyung-won, the representative of the Office of the…Details
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Ukraine is increasing sunflower seed export since the start of the war amid the weak export of sunflower oil and a shortage of oil on the global market. The demand from European processors, mainly Bulgarian and Romanian, who are facing a lack of feedstock, is favorable for the export of Ukrainian sunflower seed as well.…Details
The parliament, at a meeting on May 26, adopted measures of backing the low-income employees from the public sector units. Thus, the MPs amended the law on the single salary payment system in the public sector, in order to increase the volume of compensatory payment from 3,100 to 3,500 lei. Therefore, the employees from the…Details
The total construction volume of Estonian construction enterprises both in Estonia and abroad combined rose by 14% YoY in the first quarter of 2022, state agency Statistics Estonia reported. Merike Sinisaar, leading analyst at Statistics Estonia, said: “The higher volume of construction in foreign countries was mainly due to civil engineering activities. Construction in foreign…Details
Around 110,000 people in Lithuania, or 3.9% of the population, lived below the absolute poverty line last year, the country’s statistics office said on May 26. This is down from 140,000 people, or 5.1% of the population, in 2020. Last year, the absolute poverty threshold was defined as living on monthly income of less than…Details
A temporary suspension of mortgage payments by borrowers who are strapped for cash due to rising interest rates may cost the banking sector up to PLN 20 billion (EUR 4.34 billion), the National Bank of Poland (NBP) has said. The government has proposed the so-called mortgage vacations, a four-month suspension of payments per year, as…Details
Train travelers will pay more for tickets this summer. Prices of train tickets are set to increase by 11% as of June. Bus operators say they are also considering raising fares. In May, passengers still pay their usual fares for train tickets. But for example, a train ride from Vilnius to Siauliai will cost 1.40…Details