Branded filling stations as well as small- and middle-sized petrol stations across Georgia have decreased fuel prices by 30-40 tetri following the recent strengthening of the national currency and the reduction of international oil prices, with the trend expected to continue in September, the Head of the Union of Oil Products Importers, Vano Mtvralashvili, said…
The direct losses to the Ukrainian economy caused by the Russian invasion of Ukraine have already reached about $113.5 billion, according to the KSE Institute at the Kyiv School of Economics (KSE). Maksym Nefyodov, head of reform support projects at the KSE Institute, said this during a nationwide television marathon. “The latest figure for direct…
Poland’s retail sales increased in real terms by 2% YoY and by 1.2% MoM in July, the Central Statistical Office said on August 22. Economists polled by PAP expected July’s retail sales to grow in real terms by 2.7% and by 1.5% respectively. In current prices, retail sales increased by 18.4% YoY in July against…
Viada LT, a Lithuanian petrol station chain operator, has said it will terminate its station management contract with Amic Lietuva (formerly known as Lukoil Baltija), if reports about the group’s links with Russia are confirmed. Ukraine’s Economic Security Bureau has recently opened an investigation into Amic Energy amid allegations of possible tax evasion, alleging that…
The National Bank bought $197.8 million and sold $122.43 million on the interbank foreign exchange market throughout last week. As a result of forex interventions, from August 15 to 19, the NBU bought $197.8 million on the interbank currency market. At the same time, the regulator sold $122.43 million. In total, since the beginning of…
For the sake of business mobility in the conditions of martial law, on September 1, an eVidriadzhennia (Business trip) will be launched. Today, the Government has endorsed a resolution that allows the introduction of this service in an experimental format. One can go on a business trip abroad for a period of up to 7…
The labour market remains in good condition, the development and technology minister has said commenting on the newest data from Poland’s statistical office. The Central Statistical Office (GUS) announced on August 19 that Poland’s corporate employment increased by 2.3% and the average corporate gross wage rose by 15.8% YoY in July, with both figures at…