In the first half of this year, 5% more counterfeit euro banknotes and three times more coins were found in Lithuania than in the same period last year, but this figure is below the 2020 level, the Bank of Lithuania said on August 2. In January-June, the Bank of Lithuania investigated and removed from circulation…
Poland’s Purchasing Managers’ Index (PMI) fell to 42.1 points in July from 44.4 points in June, economic researcher S&P Global reported on August 1. Economists polled by PAP predicted the PMI would reach 43.7 points in July. The July reading was the lowest since May 2020. High inflation and lower demand resulting from poor economic…
Poland’s inflation, which reached 15.5% in July, would start going down after the summer holidays and would fall within the central bank’s target range in 2024, said Adam Glapinski, governor of the National Bank of Poland (NBP). “Of course, we have a very acute inflation,” Glapinski told the Sieci weekly on August 1. “It will…
Fitch Ratings, a global financial ratings firm, has affirmed Georgia’s Long-Term Foreign-Currency Issuer Default Rating status at a BB level, with a “stable” outlook for the country’s financial developments. The international credit rating agency said Georgia’s rating was underpinned by “a credible and effective policy framework and stronger governance indicators” relative to peers with the…
Lithuania has eased the requirements for employers to hire foreign nationals, effective from August 1. Asylum seekers and foreigners who have arrived in the country irregularly will now be able to become employed or self-employed 12 months after their registration with the Lithuanian Migration Department. They will be obliged to obtain a permission from the…
People in Lithuania are spending 63.9% of their income on essentials, like food and housing, according to the latest Eurostat data. The expenditures have increased by 50% compared to 2016. “The year 2021 was an unusual year in terms of consumption, as Covid-19 led to a reduction in tourist trips and fewer events,” said Inga…
The Georgian economy grew by 7.2% in June and by 10.5% in the first six months of 2022, the latest data from the National Statistics Office of Georgia showed. Last month the estimated real growth was observed in the following activities: transportation and storage; electricity, gas, steam and air conditioning supply; information and communication; hotels…