Imports from China have stabilised, but exports of Lithuanian goods to China are almost non-existent, Rimas Varkulevicius, president of the Association of Lithuanian Chambers of Industry, Trade and Crafts (LPPARA), has said. “There are practically no exports because China has removed many Lithuanian producers from registers and imposed other restrictions, he said. Some goods may…
Rising fuel and raw material prices, as well as a return to organic farming methods, are pushing some to abandon heavy machinery. Vigandas Indrasius, a Lithuanian farmer in the Birzai district, decided to sell his tractors and use horses to work the land instead. Indrasius, who owns 300 hectares of land, is cultivating it with…
Poland’s estimated unemployment rate in April stood at 5.3%, against 5.4% in March, the family and social policy minister said on May 9. Close to 879,900 unemployed people were registered at labour offices at the end of April, down from 902,100 at the end of the previous month, Marlena Malag also said. The final end-April…
Home-loans for real estate outside Tallinn and its environs have risen slightly in overall share, Swedbank reports. While the majority (nearly two-thirds, at 60%) of total home-loans issued by Swedbank for the purchase of property in Estonia are for real estate in Tallinn and Harju County, this is still slightly down on the 63% share…
In the four months of 2022, the Pension Fund of Ukraine (PFU) received UAH 171.9 billion, including UAH 113.7 billion of own revenues. The PFU received UAH 113.7 billion from the single social contribution and other payments in January-April. Another UAH 58.2 billion came from the state budget to finance pensions and one-time benefits in…
The consumer price index grew by 18.8% YoY in April, with price advance faster than in decades. Housing expenses contributed the most, Statistics Estonia reported. According to Statistics Estonia, in April, the consumer price index increased by 3.6% MoM and by 18.8% YoY. Goods were 14.4% and services 27.8% more expensive than in April last…
During his working visit to Warsaw, the Prime Minister of Ukraine Denys Shmyhal announced that since the beginning of the full-blown russian invasion of Ukraine, the country had obtained more than $12 billion in support in the shape of weaponry and finances. “These are funds from Ukraine’s allies that help us defend our freedom and…