Poland’s retail sales increased in real terms by 4.2% YoY and by 1% MoM in August, the Central Statistical Office said on September 21. Economists polled by PAP expected August’s retail sales to grow in real terms by 3% YoY and remain unchanged (at 1.2%) month on month. In current prices, retail sales increased by…
The Asian Development Bank projects the Georgian economy to grow by 7% in 2022, “driven by higher export and tourism revenue, a large inflow of money transfers, and strong private consumption”, the bank said in a report on September 21. The ADB also forecast Georgia’s real gross domestic product growth to be 6% in 2023,…
Lithuania’s Finance and Social Security and Labour Ministries have proposed to the government to increase the minimum monthly wage by 110 euros, to 840 euros before tax, from January 1, 2023. The ministries also proposed increasing the non-taxable income threshold by 85 euros, to 625 euros. The Cabinet will consider the rates of the minimum…
Poland’s industrial output rose by 10.9% YoY in August, the Central Statistical Office (GUS) reported on September 20. Month on month, industrial output increased by 0.7%. Economists polled by PAP expected August’s industrial production to grow by 9.8% YoY and to fall by 0.1% MoM. Manufacturing prices increased by 25.5% YoY and by 0.8% MoM,…
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…