Launched in May, the Lithuanian-Polish gas pipeline GIPL has been tested at its maximum capacity. Two tests were carried out to make sure the pipeline could transmit the full gas flow in accordance with the technical parameters of the GIPL construction without any disturbances. According to the assessment of the Lithuanian and Polish TSOs operating…Details
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Next year’s indexation of Polish old-age and disability pensions will cost the budget PLN 42 billion (EUR 8.77 billion), the family and social policy minister has said. Marlena Malag said that the pensions would be indexed on March 1, 2023. “It is an amount and percentage indexation with a budget of PLN 42 billion,” Malag…Details
Lithuania’s economy will grow approximately by 1.3 % next year, outpacing other countries, chief economist of the Organization for Economic Cooperation and Development (OECD) has said, calling on the country to continue its reform efforts in order to remain competitive. “There will be a slowdown for sure, but Lithuania’s economy will grow by 1.3% in…Details
The Railway of Moldova State Enterprise (CFM) on October 20 informed about the holding of an open auction on the lease of 30 real estate unused in the technological process. According to CFM, the assets are exposed in 30 consignments. “The initial price of exposing of each consignment (real estate) represents the quantum of the…Details
Poland’s industrial output rose by 9.8% both YoY and MoM in September, the Central Statistical Office (GUS) reported on October 20. Economists polled by PAP expected September’s industrial production to grow by 8.8% both YoY and MoM. Manufacturing prices increased by 24.6% YoY in September and by 0.2% MoM, GUS reported. Economists surveyed by PAP…Details
Georgia’s agricultural products have been showcased at the Saudi Agriculture International Trade Exhibition for the first time, the Agriculture Ministry reports. The state body said visitors had the opportunity to learn about 10 Georgian companies producing agricultural products, including honey, mineral water, natural fruit juice, spices, olive oil and sour plum sauce. “Saudi Arabia is…Details
Poland’s average corporate gross monthly wage rose by 14.5% YoY, to PLN 6,687.81 (EUR 1,396) in September, the Central Statistical Office (GUS) said on October 20. In monthly terms, the average wage went up by 1.6%. Economists polled by PAP expected a 13.1% annual increase in the corporate wage in September and no change from…Details