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…
The number of Polish firms planning to lay people off has increased sharply, despite employment standing at a record level, a new study has revealed. Grant Thornton’s report, published on December 29, found that in the coming 12 months, employers planned to decrease the number of jobs rather than create new ones. “The CEOs of…
As a result of cooperation between the Ministry of Foreign Affairs, the State Service of Ukraine on Food Safety and Consumer Protection, the Embassy of Ukraine in Canada and the Embassy of Canada in Ukraine, the Canadian market was opened for Ukrainian producers of poultry meat and poultry products in December. The relevant work began…
Some 77.88 million euros and $9.46 million (8.9 million euros) in Russian and Belarusian companies’ funds have been frozen in Lithuania so far, the Interior Ministry said on December 28, citing data from the Financial Crime Investigation Service (FNTT). FNTT imposed sanctions on 16 legal and natural persons on December 20, freezing the funds of…