In 2022, the Regional Development Agency (ADR) Centru implemented regional infrastructure and assistance development projects amounting to about 215 million lei (10.75 million euros) from the sources of the National Regional and Local Development Fund, the Fund Road and financial assistance offered by development partners. “In the Single Program Document 2022-2024, for the Central Development…
The Polish government has adopted a PLN 5-billion (EUR 1.07 billion) programme of subsidies for sectors that consume excessive amounts of energy to protect them from soaring energy prices. Polish consumers face sharp increases in electricity and gas bills owing to a boycott of Russian carbon fuels and a global energy crunch. “It is yet…
The Polish Prime Minister, Mateusz Morawiecki, has said that the 16% minimum hourly rate hike means that the government is restoring the dignity of work. The minimum hourly wage has gone up to PLN 22.80 (EUR 4.87) from PLN 19.70 (EUR 4.21). “From January 1, the minimum hourly wage has risen to PLN 22.80 per…
Prices on food, alcoholic beverages, housing, water, electricity, gas and other types of fuel increased in Georgia in December 2022, while prices for transportation decreased, the latest inflation data from the National Statistics Office of Georgia showed. Prices for food and non-alcoholic beverages marked a 0.4% MoM increase, including: vegetables (+3%), fish (+2.1%) and milk,…
There are currently no discussions in Lithuania on extending the retirement age, a representative of the Ministry of Social Security and Labour has said. “At the moment, there are neither discussions nor decisions taken to extend it (retirement age) more than it is being extended now,” Inga Buskute, head of the ministry’s Pension Group, said…
The State Regulatory Service has drafted a bill proposing to increase at least 100 times fines for officials guilty of excessive administrative pressure on businesses. This was announced by the head of the SRS, Oleksiy Kucher. “We have an imbalance between responsibility for violations in state-business relations. If entrepreneurs disregard law, they face a fine…
Poland’s Purchasing Managers’ Index (PMI) rose to 45.6 points in December 2022 from 43.4 points in November 2022, economic researcher S&P Global reported on January 2. Despite the rise, the PMI was below the neutral 50-point mark for the eighth month in a row. Both manufacturing and new orders declined in December 2022 while employment…