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…
The Republic of Moldova will benefit from additional funding of $63 million from the Government of the United States of America (USA) as a grant under the two agreements signed by the Government of the Republic of Moldova and the Government of the USA on September 28, 2016. The government approved the projects regarding the…
Amid regional uncertainties, Lithuanians are stocking up gold bars and coins. The head of the mint says it is often the case that investments flock to gold during crises. The only mint in the Baltic States has few gold products left in its shop, just a few gold-plated angels, coins and gold bars. “People joke…
Prime Minister Denys Shmyhal announced that Ukraine’s international creditors agreed to suspend external debt payments until 2024, which would provide an opportunity to save nearly $6 billion. In a post on his Telegram channel, Shmyhal wrote: “Creditors of Ukraine’s foreign debt agreed to postpone payments until 2024, with a possible extension for another year. Thank…