Georgian external trade turnover amounted to $19.04 billion in 2022, up by 32.8% YoY, the Georgian National Statistics Office revealed. The value of exports rose by 31.8% and equaled $5.59 billion, while imports grew by 33.2%, amounting to $13.45 billion in 2022. Trade deficit reached $7.85 billion, and the share of trade turnover hit 41.3%.…
The largest number of foreigners working in Poland are Ukrainians, the family and social policy minister has said. Marlena Malag cited data from ZUS, Poland’s main insurer, which showed that 1,063,300 foreigners were legally employed in Poland in December 2022, a rise by 191,700 from January 2022. Malag noted the majority were Ukrainian refugees who…
In 2022, consumer prices in 2022 increased on average by 28.7% YoY. The National Statistics Bureau (BNS) unveiled the data. At the same time, in December 2022, compared to the same month in 2021, average consumer prices increased by 30.2%. The increase was influenced in particular by the increase in the prices of food products…
The Lithuanian parliamentary Committee on Foreign Affairs is discussing a proposal by a group of MPs to restrict the activities of Lithuanian residents and businesses in Russia. The so-called Lopata Resolution (named after liberal MP Raimundas Lopata, one of the authors of the proposal formally entitled On Limiting Terrorist Russia’s Influence) was discussed at a…
Poland’s GDP should rise by 0.7% in 2023 against a 3.6% forecast earlier, the World Bank has said in a report. The World Bank has downgraded Poland’s economic growth in 2023 to 0.7% from a 3.6% increase expected in June 2022, said the bank in its report, which was published on January 10. The World…
According to preliminary estimates of the Ministry of Economy, in accordance with the trade balance methodology, exports of goods to the EU countries in 2022 increased by 4.2% YoY and amounted to about $28 billion. “This is extremely important in view of the diversification of logistics routes – and this is the task we set…
On January 10, Prime Minister Natalia Gavrilita met members of the Foreign Investors Association (FIA). The parties discussed possibilities of improving the business environment, developing businesses and increasing the number of jobs. “The Cabinet launched multiple instruments of backing the private sector, in order to overcome the impact of the crises; yet, our effort to…