On October 7, the Lithuanian government approved the 2023 state budget bill and it would be put before the country’s parliament, the Seimas, this week. State budget revenue will grow by 3.4% next year, to 15.62 billion euros, including EU funds. Expenditure is projected to go up by 6.1%, to 18.61 billion euros. The projected…
The turbulence buffeting sectors such as the energy market, which has helped drive up in inflation in Poland, appears to be abating, the head of the Polish central bank said on October 6. Turmoil on the world energy market caused by the Ukraine war and a global scramble for non-Russian sources of oil and gas…
On October 7, the Lithuanian government backed plans to raise the minimum monthly wage by 15%, to 840 euros before tax, amounting to 633 euros after tax. The non-taxable income rate will rise by 16%, to 625 euros. Finance Minister Gintare Skaiste says both increases will give those on a minimum wage some 83 euros…
The head of the National Bank of Poland (NBP) has said a recent cycle of interest-rate hikes is merely on hold rather than formally at an end. The NBP has increased interest rates 11 times in recent months to help combat an inflation rate that hit 17.2% in September. “It is a halt in the…
Ukraine and North Macedonia have updated the annex to the Free Trade Agreement. The signing ceremony took place in the presence of the Prime Minister of Ukraine Denys Shmyhal and the Prime Minister of North Macedonia Dimitar Kovacevski during a meeting of the heads of government in the Czech Republic on October 6. According to…
Georgian economy minister Levan Davitashvili on October 6 said Georgia was expected to have a higher economic growth this year compared to estimations made by international financial institutions at the start of the crisis stemming from the war in Ukraine. Addressing the parliament, the official stressed the increase was expected based on the main trends…
Polish retail sales went up by 8% YoY in August after a 7.6% increase in July, Eurostat, the EU’s statistics agency, reported on October 6. Month on month, retail sales went up by 0.7%, the agency also said. Retail sales in the euro zone fell by 2% in August after a 1.2% decline a month…