The Bank of Lithuania has downgraded its economic growth forecast for next year. Instead of the previously planned 3.4%, the country’s economy is now expected to grow by only 0.9%. “The forecast for 2023 is being significantly downgraded. This is mainly related to the weaker household consumption,” said Gediminas Simkus, board chairman of the Bank…
One in five people in Lithuania were at risk of poverty last year, according to data from the Lithuanian Statistics Department. In 2021, the at-risk-of-poverty rate in Lithuania was 20%, according to Inga Masiulaityte-Sukevic, Deputy Director of the Lithuanian Statistics Department. “Compared to 2020, the at-risk-of-poverty rate has decreased by 0.9% and by 2.9% over…
Jacek Sasin, Poland’s state assets minister and a deputy prime minister, has proposed a 50% windfall tax on power companies, which have profited from rising energy prices. Energy prices in Poland have increased rapidly owing to a combination of factors, including the Ukraine war and a boycott of Russian oil and gas. “I have suggested…
A total of 745 businesses have been relocated in Ukraine since the relevant government program was launched, and 558 of them have already resumed operations. The relevant statement was made by the Economy Deputy Minister Tetiana Berezhna. “Since the government program was launched, businesses have submitted 1,846 requests. A total of 745 enterprises were moved…
Over 200 Ukrainian businesses have relocated to the Lviv region as part of the business relocation program, and 144 of them are already working. The relevant statement was made by Deputy Head of the Office of the President of Ukraine Kyrylo Tymoshenko on Telegram. “Economy must work! We are making a lot of efforts to…
Zurab Azarashvili, the Georgian minister of labour, said the government-initiated public employment programme for socially vulnerable citizens had given jobs to 23,000 people since March. Addressing MPs at the parliament, the official said 61,000 socially vulnerable citizens had addressed his body for consultations over the programme since March 1, with 27,800 expressing readiness to work…
Poland’s unemployment rate went down to 4.8% in August from 4.9% in July, the Central Statistical Office (GUS) reported. The number of registered unemployed measured 806,900 in August against 810,200 in July, GUS also said. Earlier, the Family and Social Policy Ministry estimated August’s unemployment at 4.9%. (The First News/Business World Magazine)