Poland’s unemployment rate likely stood at 5.1% in October, unchanged from September, according to an estimate by the Labour Ministry. Labour Minister Marlena Malag said on November 8 that the data showed that the economic slowdown had not yet affected the labour market. “We still have 5.1% after the correction, which is lower than in…
Income inequality and the huge value-added tax (VAT) gap are the major problems in Lithuania, Munawer Khwaja, a World Bank tax expert, has said. “Income inequality is one of the highest in Lithuania. Another big problem is the VAT gap, which is the third highest among the EU countries. Only Italy and Greece have a…
The international reserves of Ukraine increased by 5.5%, amounting to $25.24 billion as of November 1, according to preliminary estimates of the National Bank. “As of November 1, Ukraine’s international reserves amounted to $25,244.2 million, according to tentative data. They increased by 5.5% thanks to stable inflows from international partners and a decrease in the…
Georgian authorities and the International Monetary Fund have reached a staff-level agreement on policies for completion of the first review of the stand-by arrangement following “productive discussions” between the parties, which will allow the organisation to allocate $38 million for the country, the IMF announced on November 7. The fund’s mission visited Georgia on October…
Lithuania opened its trade representative office in Taiwan on November 7, the Economy and Innovation Ministry announced. “Today, we welcome the first achievements of Lithuania’s economic cooperation with Taiwan. I have no doubt that with the opening of Lithuania’s trade representative office in Taipei, our work with this promising market will intensify,” Economy Minister Ausrine…
The Polish government’s anti-inflation shield will remain in place but changes will be made to it, Mateusz Morawiecki, Poland’s prime minister told a press conference on November 7. The shield, which introduced a number of VAT cuts on food and fuel, was first brought in at the end of 2021 to combat rising inflation but…
To save money, people are increasingly turning to free leisure activities. Sports coaches say that since autumn, more people have been turning up for free events, with some classes filling up within an hour. Traditionally, Lithuanian museums invite visitors to see their exhibitions for free on the last Sunday of every month. Since the end…