The European Commission (EC) has approved a Polish EUR 1.2-billion public aid programme for companies affected by Russia’s war against Ukraine. “The European Commission has approved the EUR 1.2-billion Polish scheme (PLN 5.5 billion) to support companies across sectors in the context of Russia’s invasion of Ukraine,” the EC said in a press release on…
Poland’s seasonally adjusted unemployment rate remained unchanged at 2.7% in May from the previous month, Eurostat, the EU’s statistical office, reported on June 30. According to Eurostat, in May, the unemployment rate in the eurozone countries, according to seasonally adjusted data, went down to 6.6% from 6.7% in April. According to Poland’s Central Statistical Office…
Lithuania’s state-owned railway company Lietuvos Gelezinkeliai (LTG) has informed its customers that new sanctions will take effect on more goods transiting between Russia and Kaliningrad in July. Prime Minister Ingrida Simonyte says that “various reactions” can be expected from Moscow. Based on information from the Lithuanian Customs Department, the ban on the transit of cement,…
A new study by Transparency International Georgia has revealed “insufficient transparency” in the privatisation of state property in the country throughout the years, and pointed at corruption risks in the process. The report found over 1,000 companies that had received state property through privatisation in 2013-2020 included 217 individuals and 212 companies that donated GEL…
The largest industries in Estonia, which also happen to be the country’s largest energy consumers, are seeking to reduce costs in the face of record high energy prices, realizing that the power market does not support consumers during energy shortages. Even before the energy crisis, Estonian Cell, one of the country’s largest energy consumers and…
63% of Poles fear financial problems in connection with the Russia-Ukraine war, up by 2% from April, a survey by Deloitte revealed on June 29. 53% said their main fears concerned politics (-8%), while 38% named social issues (-3%). Various fears related to the war were named by 95% of the respondents, 12% of this…
Given the choice, most Latvian residents would retire sooner than what is provided by Latvian legislation, according to results of a survey conducted by Citadele Bank in June. 57% of interviewed Latvian residents would like to retire at the age of 51-60 years. This response turned out the most popular in Lithuania and Estonia, where…