Poland’s average corporate gross monthly wage rose by 12.7% YoY, to PLN 6,583.03 (EUR 1,397) in August, the Central Statistical Office (GUS) said on September 20. In monthly terms, the average wage fell by 2.9%. Economists polled by PAP expected a 13.8% annual increase in the corporate wage in August and a 1.9% monthly decline.…
The Georgian economy grew by 7.1% YoY in the second quarter of 2022, while the gross domestic product deflator percentage change equaled to 8.2%, the latest data from the National Statistics Office of Georgia showed. Geostat also said that the nominal GDP amounted to GEL 17.97 billion (about $6.37 billion). Significant contributions to the real…
Turkiye ($1.78 billion), Russia ($1.47 billion) and China ($1.22 billion) were the top trading partners of Georgia in its total external trade turnover in January-August, preliminary data from the National Statistics Office of Georgia showed. Georgia’s top partners by exports in January-August were China ($502.6 million), Azerbaijan ($421.5 million) and Russia ($409.3 million), while the…
On September 12-18, the Customs Service collected over 686.5 million lei to the state budget (about 34.3 million euros), up by 3.5% from the target. According to the Customs Service, private people brought goods with the customs value exceeding the non-taxable limit, and payments worth over 17.1 million lei were collected, which represented 2.5% of…
As the European Union looks for solutions to urgently cut record-high electricity prices for consumers, Lithuanian Prime Minister Ingrida Simonyte says untying gas and electricity prices is key. “The main problem is that the gas price that’s been made for Europe by a man who wants to bring Europe to its knees directly determines the…
Prime Minister Natalia Gavrilita met representatives of the International Finance Corporation (IFC), a member of the World Bank Group. The discussions focused on projects underway and new perspectives of developing the cooperation between Moldova and IFC, the government’s communication and protocol department reported. The parries referred, in particular, to the results of the study of…
Polish medium-sized companies (SMEs) are facing an additional burden from a minimum wage hike, seen at PLN 18.16 billion (EUR 3.84 billion) next year, according to the rationale to a government regulation. Poland’s minimum wage will rise by 15.9% in January 2023, but total growth will ultimately reach 19.6% after the second increase in July.…