Poland’s Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, believes that the current interest rate level is optimal, the central bank governor has said. “The council considers the current interest rate level, which has reached 6.75% following 11 increases, as optimal,” Adam Glapinski told reporters. The RPP left rates unchanged for the third…
Ekspress Grupp, an Estonian media group that owns the Delfi news websites in the Baltic countries, has acquired the Lrytas news website from Lithuania’s Lietuvos Rytas. The agreement on the acquisition of 100% of shares in Lrytas, a subsidiary of Lietuvos Rytas, was signed on December 9, Ekspress Grupp said in a press release. The…
Food prices remain stubbornly high in Lithuania. The annual price change stood at 36% in November. Economist Tadas Povilauskas thinks the government could initiate a study to look into whether all the price rises are justified by costs. The annual inflation rate for food and non-alcoholic beverages in Lithuania is almost 35.6%. For food alone,…
The issue of strengthening economic cooperation between Ukraine and Slovakia was under discussion during a meeting in Kyiv between First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko and Minister of Economy of the Slovak Republic Karel Hirman. “Ukraine and Slovakia have close economic ties, which have been only strengthening recently. Following…
Average salary growth in Lithuania over the past decade has been one of the fastest among members of the Organization for Economic Co-operation and Development, according to a study by the international financial technology company Tipalti. Its data showed that the average annual salary in Lithuania almost doubled between 2011 and 2021. Last year, it…
Moldova will receive an additional loan of 100 million euros from the European Bank for Reconstruction and Development (EBRD). MPs ratified on December 8 the Amendment No. 3 to the Loan Agreement between the Republic of Moldova and the EBRD on construction works and road rehabilitation. Under the document, the money will be invested in…
Lithuania’s losses due to Beijing’s trade sanctions have been limited, as China has not been a big export market for the country, according to Finance Minister Gintare Skaiste. “China has never been a significant economic partner,” Skaiste said, commenting on the EU’s latest request to the World Trade Organization (WTO) to set up a panel…