Poland’s central bank had at its disposal the equivalent of $166 billion at the end of 2021, up six-fold compared to 2020 and almost doubling over the last decade, the National Bank of Poland (NBP) wrote in a statement on April 28. The NBP said that Poland held a “high” – 20th – position in…Details
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Shipping line Tallink Group doubled its revenue in the first quarter of 2021, though the company’s losses rose by nearly 15%. Tallink Group announced its Q1 results to the stock exchange on April 28, revealing that the Omicron Covid wave and the beginning of the Ukraine war made their impact known on traveler numbers and…Details
Lithuanian Railways (LTG), the country’s state-owned railway company, is planning to lay off around 2,000 employees until the end of the year as a result of the EU sanctions imposed on Russia and Belarus in the wake of the war in Ukraine. LTG has earmarked around 6 million euros for the staff redundancy payments, the…Details
Strengthening governance and financial resources of the self-governing units in Georgia and the development of regions in the country are the “key strategic goals” of the 2022-2023 Action Plan for Decentralization Strategy of the Government, Levan Davitashvili, the Georgian Economy Minister, said on April 28. Following the second session of the Governmental Commission on Decentralization,…Details
It’s possible Latvian gross domestic product (GDP) may have increased by 4.3-5% in the first quarter when compared to the same period of 2021, according to analysts of Latvian banks. Citadele Bank economist Martins Abolins said in Q1 Latvia’s GDP growth in comparison to Q1 2021 might have been 4.5-5%. When compared to Q4 2021,…Details
A little over half of Lithuanians consider themselves “middle class”, according to a new survey. The figure is down from the previous poll two years ago. To be comfortably-off, Lithuanians would like their incomes to be considerably higher. In the survey commissioned by Swedbank, 55% of the respondents classified themselves as middle class (over 60%…Details
Ukrainian Prime Minister Denys Shmyhal has named three possible sources of finance for a recovery fund for Ukraine after the war. “There are three possible sources of finance for the recovery fund for Ukraine,” Shmyhal said. According to him, one is Russian assets, now frozen in the West, which are believed to total at least…Details