The Lithuanian government should put forward a new package of anti-inflationary measures in autumn, but only after assessing the effectiveness of the measures adopted last spring, says Gediminas Simkus, board chairman of the Central Bank of Lithuania. He also stressed the need to maintain fiscal discipline, to avoid adding more fuel to inflation and to…
Trade and economic relations between Georgia and China were discussed at a meeting of the Georgian Prime Minister Irakli Garibasvhili and Zhou Qian, the newly appointed Ambassador of China to Georgia. The Government Administration said the PM had told the diplomat he hoped the “fruitful” cooperation between the two states would continue, as the parties…
Since the 1990s, Russian citizens have invested almost 300 million euros in Lithuania, with the largest share having gone into real estate. Liberal MP Raimundas Lopata has now proposed that Russian citizens be banned from investing in the country, while Lithuanian firms be barred from doing business in Russia. Lopata, a representative of the Liberal…
The Sejm, the lower house of parliament, on July 22 passed the government’s 2021 budget report and execution of the budget in a 228 to 216 vote with one abstention. According to the report, budget revenues for 2021 came to PLN 494.8 billion (EUR 103.6 billion) against a planned PLN 482.9 billion (EUR 101.1 billion),…
Ukraine’s foreign exchange reserves are expected to decrease to $21 billion until the end of 2022. The relevant statement was made by National Bank of Ukraine (NBU) Deputy Governor Sergiy Nikolaychuk at a briefing. “We expect that the foreign exchange reserves will slightly decrease until the end of the year, approximately to $21 billion. They…
Inflation in Ukraine will exceed 30% in 2022. The head of the National Bank of Ukraine, Kyrylo Shevchenko, said this at a briefing on July 21. “According to our forecast, the growth rate of consumer prices will exceed 30% at the end of 2022,” Shevchenko said. He added that inflation in June rose sharply and…
Poland’s retail sales increased in real terms by 3.2% YoY, but fell by 1.4% MoM in June, the Central Statistical Office said on July 21. Economists polled by PAP expected June’s retail sales to grow in real terms by 6.8% YoY and by 0.7% MoM. In current prices, retail sales increased by 19.9% YoY in…