Poland’s general government deficit will likely be lower in 2022 than the 4.7% of GDP the government has assumed in the budget law for next year, the central bank’s rate-setting body has said. When preparing the state budget for next year, the government also included its updated expectations concerning key economic figures for the current…
It is high season in Lithuania’s largest spruce plantation. Around 60,000 trees will be shipped off to Scandinavian countries before Christmas. However, with the Russian market cut off, this year will not be profitable for spruce growers. Daivanas Pranciulis, who grows about 1 million trees in his plantation near Zagare, northern Lithuania, started preparing for…
Social and humanitarian support for the residents of the Kherson region is now a key priority for the Government. During the entire period of occupation, pensions and other payments have been systematically credited to the residents of the region. Only during 15 days of November, UAH 620 million was allocated for pensions, UAH 124 million…
The State Fiscal Service (SFS) announced on November 15 that income tax receipts from private people who leased real estate had increased by 22.3% since the beginning of the year, compared to the same period of the previous year, and totaled 32.9 million lei (about 1.65 million euros). According to the institution, as a result…
Polish GDP growth will slow to around 1.0-1.5% in the fourth quarter of 2022, the Polish Economic Institute (PIE), a government think-tank, said on November 15 in reaction to the latest figures from the Central Statistical Office (GUS). Poland is currently battling an inflation rate that hit 17.9% last month, while having to contend with…
The International Organization for Migration (IOM) will provide almost 80,000 euros in one-time payments to Ukrainian refugees in Lithuania. “Citizens of Ukraine or third-country nationals who have fled Ukraine after February 24 can receive this cash-based assistance,” IOM Lithuania has said in a press release. “Special attention is given to unemployed single-parent families with one…
Poland’s GDP is expected to rise to 4.6% in 2022, according to projections from Poland’s central bank released on November 14. The bank also put GDP at 0.7% in 2023 before rising to 2% in 2024 and 3.1% in 2025. The central bank also predicts that Consumer Price Index inflation will run at 14.5% in…