Lithuania dropped four notches to rank 12th out of 165 countries and territories in the Fraser Institute’s latest Economic Freedom of the World index. In the latest report, based on 2020 data, Lithuania scored 7.82 out of a possible 10 points, 1.1 points lower than a year ago. According to the Canadian think tank, Lithuania’s…
Poland’s seasonally adjusted unemployment rate remained unchanged from the previous month at 2.6% in August, Eurostat, the EU’s statistical office, reported. According to Eurostat, the unemployment rate in the eurozone countries, according to seasonally adjusted data, remained unchanged MoM in August, at 6.6%. According to Poland’s Central Statistical Office (GUS), Poland’s unemployment rate went down…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.2% YoY and by 1.6% MoM in September, the Central Statistical Office (GUS) reported in a flash estimate. Economists polled by PAP Business estimated that September’s CPI would reach 16.6% YoY and 1% MoM. In August, the prices of consumer goods and services…
Poland’s average corporate gross monthly wage rose by 10.8% YoY, to PLN 6,196.99 (EUR 1,274) in the first half of 2022, the Central Statistical Office (GUS) reported. The number of employed people in the 38-million nation went up by 1.6% as of June 30 and reached 9,761,000. In the first half of 2022, average employment…
The Georgian economy grew by 10.5% YoY in August and by 10.3% in the first eight months of 2022, the latest data from the National Statistics Office of Georgia showed. The estimated real growth was observed in the following activities: transportation and storage, construction, information and communication, hotels and restaurants and trade. A decline was…
Ukrainian Prime Minister Denys Shmyhal and Executive Vice President of the European Commission Valdis Dombrovskis have discussed expanding cooperation between Ukraine and the European Union and increased bilateral trade. During an online conversation, the parties raised the issue of replacing sanctioned Russian products in the EU with Ukrainian products. In addition, they discussed preparations for…
High electricity bills are pushing many restaurants and cafes in Lithuania to close down, but the government is not planning any relief. The Tabera restaurant in Vilnius is celebrating its 27th anniversary this year. Such longevity in the catering business is rare. However, it is now operating in crisis mode – only three employees are…