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…
60% of Poles have reduced their shopping budgets, up by 20% YoY, a survey by the UCE research pollster and Grupa Blix revealed. Over 27% of this group declared budget cuts of up to 10-15%. Most frequently they save on clothing (46.9%), condiments and snacks (44.5%) and alcohol (40%). Over 26% said they had not…
Inflation will continue on a two-digit level until the end of the year, with a slight rise in August and a fall in Q4, the Polish Economic Institute (PIE), a state-owned think-tank, has said citing the latest figures from the Central Statistical Office (GUS). GUS reported that commodity and service prices in July were up…
Growing exports to the Indo-Pacific countries are offsetting a decline in exports to China, the Foreign Ministry has said citing statistics. “Proactive economic diplomacy and the development of a network of diplomatic missions and representatives contribute to the overall goal of diversifying trade and increasing economic resilience. The total volume of Lithuanian exports to the…