While some businesses struggle to stay afloat amid soaring energy prices and a squeeze on people’s purchasing power, others are doing better than before. Second-hand clothing retailers are experiencing a boom, with shoppers lured by environmental concerns as well as low prices. Geltonas Namelis (Yellow House) is a clothing shop in Birzai, a town in…
As the Lithuanian parliament, Seimas, starts deliberating the 2023 government spending bill, Finance Minister Gintare Skaiste says the primary focus is on supporting households and business in shouldering high energy prices. “The government is presenting the budget bill today, and we see it as a kind of shield to protect the population in this uncertain…
Up to GEL 3 billion ($1.08 billion) will be invested in infrastructure development across Georgia next year with the construction of highways remaining a priority, infrastructure minister Irakli Karseladze has said, while discussing the next year’s state budget. “This is a historical maximum”, said Karseladze of the amount of money allocated for his office in…
Marlena Malag, the family and social policy minister, said on October 11 that the government wanted to permanently add remote working to the Labour Code in order to make it easier for people to work from home. The minister referred to a news story in the Rzeczpospolita newspaper claiming that the government wanted to encourage…
The Polish government wants to bring inflation down as quickly as possible, the Polish prime minister said at a press conference on October 11. Inflation in Poland last month hit 17.2%, a 25-year high, as the country suffered from supply-chain disruption caused by the pandemic and surging energy prices owing to the war in Ukraine.…
Amid rising inflation, the economies of Lithuania and other countries in the world may grow slower than earlier thought, according to the latest assessment by the International Monetary Fund (IMF). The IMF expects Lithuania’s GDP to grow by 1.8% this year and by 1.1% in 2023. While the forecast for 2022 remains unchanged from the…
The Georgian government on October 10 held a meeting led by prime minister Irakli Garibashvili to discuss a range of topics, including approval of the 2022-2028 strategy for the development of the capital market of Georgia and the related action plan. The government administration said the strategy would contribute to the “uniformity of the country’s…