SEB Bank has published the latest Nordic Outlook. It indicates that commercial banks have downgraded Latvia’s gross domestic product (GDP) growth rate forecast for 2023 from the initial 1.1% to 0.4%. SEB Bank has also downgraded its own forecast for Latvia’s GDP growth for 2024 from November 2022 initially estimated 3.5% to 2.7%, which means…
Georgia’s tourism potential was promoted at Matka Nordic Travel Fair, the largest industry fair in Northern Europe and the Baltic region, over the weekend with the involvement of the country’s national tourism bodies and travel companies. The Georgian National Tourism Administration on January 24 said it had organised a stand introducing fair visitors and travel…
Almost 5,000 unemployed citizens in ten regions have already joined the Army of Recovery project to perform community service in ten regions. This was reported by Deputy Minister of Economy of Ukraine Tetiana Berezhna on the air of the Yedyni Novyny National Telethon. “Today, almost 5,000 unemployed people in 10 regions have joined the Recovery…
On January 16-22, the Customs Service collected over 597.7 million lei (about 30 million euros) to the state budget. According to the institution, private people brought into the country goods with the customs value exceeding the non-taxable limit, and payments amounting to over 19.2 million lei were collected, which represented 3.2% of the total amount.…
Poland’s industrial output rose by 1% YoY in December 2022, the Central Statistical Office (GUS) reported on January 23. Month on month, industrial output also decreased by 6.4%. Economists polled by PAP expected December 2022 industrial production to grow by 1.7% YoY and to drop by 5.4% MoM. Manufacturing prices increased by 20.4% YoY in…
Georgia received $3.5 billion from international tourist visits in 2022, up by 182.5% YoY, the National Tourism Administration said on January 23. The body also said revenue from international tourism had recovered by 107.6 QQ:% compared to the pre-pandemic 2019. Last year, 5,426,903 international travelers visited the country – 188.5% more than in 2021 –…
Poland’s retail sales increased in real terms by 0.2% YoY and by 13.1% MoM in December 2022, the Central Statistical Office said on January 23. Economists polled by PAP expected December 2022 retail sales to grow in real terms by 1.4% YoY and by 15% MoM. In current prices, retail sales increased by 15.5% YoY…