Last year, Moldova had to face a string of overlapped crises, as a result of the multidimensional effects of the war in Ukraine: on the one hand, the humanitarian crisis, triggered by the wave of refugees, which must be managed by the Moldovan authorities, on the other hand, an economic crisis, triggered by the consequences…
Polish refinery Rafineria Gdanska and fuel importer Unimot have been put on a protected entities list by the Polish government after concerns raised over Rafineria Gdanska’s sale to Saudi firm Aramco. In early 2022, Poland’s biggest fuel firm, PKN Orlen, took over its smaller peer Lotos but was required by the European Commission (EC) to…
Riga Stradins University (RSU) reports that a NATO-backed study of Baltic-Chinese relations has concluded. This study focused on the public opinions of Baltic residents towards the far-away superpower. In the last decade China’s economic, military and political authority has increased very rapidly. This superpower’s influence is felt in regions within which this country had minimal…
Inflation in the eurozone has not peaked yet and may follow the trajectory seen in the Baltic States where consumer price rises have been in excess of 20%, Gediminas Simkus, Lithuanian central bank chief, has told the Financial Times. “When I look at the inflationary pressures in the euro area, it resembles what we experienced…
The European Investment Bank (EIB) will provide Moldova with an additional loan worth 100 million euros. The MPs on December 29 ratified the contract on financing between Moldova and EIB for the supply and carrying out, in continuation, of the Moldova Roads III project. The money will be spent both to finish the works underway…
Poland’s current account deficit rose to EUR 5.78 billion at the end of Q3, against a revised deficit of EUR 4.42 billion recorded at the end of Q2, according to central bank figures released on December 29. Exports of goods in the third quarter grew by 24.8% YoY and imports by 27.1%. The country recorded…
According to preliminary estimates by Statistics Lithuania, prices in December grew by 20% YoY. Annual inflation was mainly driven by increases in the prices of food and non-alcoholic beverages, housing, water, electricity, gas and other fuel goods and services, and transportation, the statistics service said in a press release on December 29. Meanwhile, monthly inflation…