Special discounts on petrol, such as the one introduced by PKN Orlen, the dominant Polish fuel company, may play an important role in lowering inflation, PKO BP’s chief economist said on July 4. Piotr Bujak said that “energy prices continue to rise, mainly those for natural gas, due to Russia limiting supplies to the European…
The Customs Service (SV) collected over 738.7 million lei (36.9 million euros) on June 27 – July 3, up by 18.4% from the target. According to SV, private people imported goods, the value of which in customs exceeded over 15 million lei, which accounted for 2% of the overall sum collected. The money collected from…
Lithuania attracted 15 new foreign investors in the first half of this year, and another 16 have expansion plans, says Investuok Lietuvoje (Invest Lithuania), Lithuania’s foreign investment promotion agency. The new investments attracted during the six months will create more than 3,000 jobs, which shows that Lithuania remains competitive in attracting foreign investment. (BNN/Business World…
The prices of restaurant and hotel services, as well as cost of food, alcoholic and non-alcoholic beverages and tobacco increased in June MoM, according to the latest inflation data from the National Statistics Office of Georgia. The figures showed prices for restaurant and hotel services increased by 2.3%. This included increased prices for both accommodation…
Reduction of excise tax for fuel should be evaluated, says Latvian Minister of Economics Ilze Indriksone. “In March, when the first major price rise was observed, we proposed reducing excise tax to the minimal rate in the European Union. It is important to reduce the price to stop it from going up or to reduce…
According to data provided by Statistics Estonia, in May the total production of industrial enterprises increased by 4.8% at constant prices in comparison to May 2021. Output increased in all three industrial sectors, with manufacturing growing by 2.2%, electricity production by 34.2% and a 25.5% rise in mining. Helle Bunder, analyst at Statistics Estonia, said…
The budget for NATO’s summit in Vilnius in 2023 is tentatively estimated at 30 million euros, the Lithuanian Foreign Ministry has said. “The preliminary estimate is that the budget for the NATO summit could reach 30 million euros,” the ministry said. According to the ministry, the summit will be organised at the expense of the…