Inflation in Poland, which hit 16.6% in December 2022, will remain at the double-digit level for the first three quarters of 2023, an economic think-tank has forecast. Prices of consumer goods and services increased by 16.6% YoY in December 2022, the Central Statistical Office (GUS) reported on January 5. The reading is lower than economists…
The topmost priority on the agenda of the Government in 2023 is the support of the army, maintaining defense and security, announced Prime Minister Denys Shmyhal at a session of the Government on January 3. “This year, we will allocate half of the budget to provide everything our Armed Forces need. All taxes paid by…
Georgian Deputy Finance Minister Mikheil Dundua on January 4 announced interest rates on pension-backed loans would see annual reduction, in comments on Government initiatives for pensioners and socially vulnerable citizens. Georgian Public Broadcaster cited Dundua as saying the Government would work to apply the newly reduced upper interest rate limits for pension-backed loans to loans…
Amid soaring inflation, an official says that the Bank in Lithuania plans to analyse whether food price rises are justified by growing costs. “This month, we will carry out a more detailed analysis of food price developments, the results of which we will present in February,” Aurelijus Dabusinskas, head of the Economy Department at the…
The enterprises, which reduce their working schedule as a result of the crisis triggered by the war in Ukraine or other emergency situations, can benefit from support on behalf of the government. This support was established for the first time ever in November 2021. Thus, 50% of the salary of the employees involved in the…
The Lithuanian cabinet decided on January 4 to allocate up to 556.8 million euros of borrowed funds to the Finance Ministry for electricity and natural gas compensations. Up to 174 million euros will go to subsidising electricity prices for businesses from January through March, and up to 382.8 million euros to partially cover electricity and…
Poland’s fuel prices are among the lowest in the EU, the government spokesperson has said responding to opposition claims that fuel prices are being inflated. On January 3, the main opposition party, Civic Platform (PO), accused the state-owned fuel corporation PKN Orlen of unnecessarily raising fuel prices. According to PO, the hike in prices cost…