Viciunu Grupe (Viciunai Group), controlled by Kaunas Mayor Visvaldas Matijosaitis and Liudas Skierius, says it has found five potential buyers for its Russian business. The group, however, refrained to estimate how long it would take to sell and transfer the business. On August 19, the company said that EY (Ernst & Young) experts had drawn…
Armenian Prime Minister Nikol Pashinyan said a “noticeable growth” was observed in the Armenian-Georgian trade and economic relations “despite challenges”. “We have a 97% increase in trade turnover”, Pashinyan said at the opening ceremony of the Bridge of Friendship on the border crossing between the two states on the Debeda River. The PM also said…
Poland’s industrial output rose by 7.6% YoY in July, the Central Statistical Office (GUS) reported. Month on month, industrial output decreased by 6.5%. Economists polled by PAP expected July’s industrial production to grow by 7.3% YoY and to fall by 6.6% MoM. Manufacturing prices increased by 24.9% YoY and by 0.9% MoM, GUS reported. Economists…
Poland’s average corporate gross monthly wage rose by 15.8% YoY, to PLN 6,554.87 (EUR 1,375) in July, the Central Statistical Office (GUS) said on August 19. In monthly terms, the average wage rose by 3.4%. Economists polled by PAP expected a 12.8% annual increase in the corporate wage in July and a 0.7% monthly growth.…
Ukraine and the United Kingdom have updated the Political, Free Trade and Strategic Partnership Agreement and approved the simplification of access to the public procurement market, the Ministry of Economy of Ukraine reported. “Ukraine’s First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko and British Ambassador to Ukraine Melinda Simmons signed Annex II to the…
The monthly budget deficit of Ukraine amounts to $5 billion.That’s according to President of Ukraine, Volodymyr Zelensky, who raised the issue during a Q&A with Chile’s university community. “We really want our economy to recover. Today we’re suffering. We’re $5 billion short every month. I mean we’ve such a major deficit,” Zelensky said, noting that…
Almost 40% of Poles regard the situation in Ukraine as a great threat to the Polish economy, the Central Statistical Office (GUS) has reported. In an August study, GUS found out that 39.8% of respondents to a poll said the threat to the economy was great, 37.3% thought it was average, while 18.5% indicated it…