Lithuanian leaders say the country has the right to choose its economic partners, whether it is a state or a region, in response to Beijing’s announcement that it is severing transport ties with Lithuania following its deputy transport minister’s visit to Taiwan. President Gitanas Nauseda’s office said on August 16 that China’s decision to end…
Poland’s Gross Domestic Product (GDP) increased by 5.3% YoY in the second quarter of 2022, the Central Statistical Office (GUS) said in a flash estimate on August 17. Economists polled by PAP expected GDP to rise by 6% YoY. Quarter on quarter, Poland’s GDP fell by 2.3%. In the first quarter of 2022, the country’s…
Over the past week, banks issued UAH 1.2 billion of affordable loans to entrepreneurs. Since the beginning of the “5-7-9 Affordable Loans” program launch, businesses have received 46,400 loans for a total amount of UAH 135.9 billion. Entrepreneurs took the most anti-crisis loans – UAH 59.6 billion, and UAH 28.3 billion – resource for refinancing…
Lithuania’s minimum monthly wage “should increase by between 15% and 19%” next year, Mykolas Majauskas, chairman of the parliamentary Committee on Budget and Finance, said on August 16. “Accordingly, the government should calculate how much the non-taxable personal income threshold should increase so as to somewhat ease the burden on businesses, because a minimum wage…
Over the past week, 271 preferential loans for the total amount of UAH 1.21 billion were issued within the framework of the State Program Affordable Loans at 5-7-9%, including 250 credit agreements to the tune of UAH 939.9 million concluded by banks of the public sector of the economy. Since the start of the program,…
Georgia received $306 million from abroad in July, up by 46.8% YoY, the National Bank of Georgia reported. Russia ($100.59 million), Italy ($35.96 million) and the United States ($28.56 million) were the largest remittance senders in July. Overall, the vast majority (97.2%) of all money transfers from abroad came from 24 countries. Last month, remittances…
Starting from September 1, the minimum wage will be unified in all institutions in the country. The promulgation decree and the adopted amendments to the Wages Law and the Labor Code were published on August 12 in the Official Journal of the Republic of Moldova. According to the document, the changes will ensure a guaranteed…