Lithuania’s economy minister says “it’s impossible to completely eliminate China” and believes relations with the country “will recover” following current tensions over the Taiwanese representative office in Vilnius. “It’s impossible to completely eliminate China in a global world where all our value chains are intertwined. Despite being a communist country, it has invested heavily in…
Poland’s Gross Domestic Product (GDP) increased by 3.6% YoY in the third quarter of 2022, the Central Statistical Office (GUS) said on November 30. The figure is slightly higher than the previous flash estimate in which GUS said that in Q3 GDP growth would be at 3.5%. In Q2, the country’s GDP rose by 5.8%,…
The Georgian economy grew by 10% YoY in January-October with the real gross domestic product growth showing an 8.3% increase over the previous year, the latest data from the national statistics office showed. Areas including construction, transport and warehousing, financial and insurance activities and mining industry made a “significant contribution” to the growth, the body…
Poland’s inflation rate is expected to slow down in March 2023, the Polish Economic Institute (PIE), a government think-tank, has said commenting on the latest figures from the Central Statistical Office (GUS). GUS reported on November 30 that the Polish consumer price index (CPI) increased by 17.4% YoY in November on a 0.7% MoM increase.…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.4% YoY and by 0.7% MoM in November, the Central Statistical Office (GUS) reported on November 30. Economists polled by PAP Business estimated that November’s CPI would reach 18% YoY and by 1.1% MoM. In October, the prices of consumer goods and services…
Vilnius launched its Christmas market on November 26, resuming the tradition that was suspended in 2020 and 2021 due to the coronavirus pandemic. Despite inflation, sellers say business is going fine and visitors are happy to pay up to 8 euros for a serving of mulled wine. Karolina, who runs a stand in the Christmas…
The budget of Georgia’s Black Sea region of Adjara has tripled over the past 10 years and crossed the GEL 50-billion ($18.08 billion) threshold, Tornike Rizhvadze, the head of the regional government, revealed on November 29. A number of “important projects and programmes” will be planned for the residents of the region with the use…