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…
Currently, about UAH 130 billion is spent on maintaining the Ukrainian Army every month, Prime Minister Denys Shmyhal has said. “While we used to have nearly UAH 156 billion for maintaining the Army – that’s the annual budget of the Armed Forces – today UAH 130 billion is a monthly amount. Of course, social payments,…
The eRobota program started on July 1. From now on, everyone can apply for a non-refundable grant for business through Diia, Prime Minister Denys Shmyhal has announced during the Government meeting. “As we promised, we are launching the eRobota program. These are grants for creating startups, expanding small and medium-sized businesses, as well as acquiring…
Inflation in the 19 countries using the euro currency has climbed to a record 8.6%. Surging energy prices amid the Ukraine war have pushed prices up. The euro hit a record 8.6% in June, up by 0.5% MoM. Inflation was pushed by an increase in energy costs, which had risen by 41.9% compared to last…