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…
Over 100 Maxima stores in Lithuania were closed on January 2 morning due to technical issues. The stores were closed due to configuration changes in the cash register system, according to Julija Vasiljeviene, head of the Process and Quality Management Department at the supermarket chain. “Some stores are currently closed due to technical difficulties related…
Ukraine’s economy has adapted to war-time conditions and is ready for new challenges. The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal on Facebook. “Ukraine has entered 2023 determined, invincible, united in its desire to defeat the enemy and liberate its land. And we will definitely do so,” Shmyhal wrote. Shmyhal expressed gratitude…
The average Pole planned to spend PLN 195 (EUR 41.50) on this New Year’s Eve, up by 5% YoY. In a Quality Watch survey for debt registry BIG InfoMonitor, 24% said they would not spend any additional money on New Year’s Eve and the figure was 7% higher than last year. 5% of Poles said…
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…