Lithuania has recovered its former highest place in the world competitiveness index published by the Swiss Institute of International Management (IMD). In 2022, it ranks 29th among 63 countries. “To increase the competitiveness of Lithuania, we must seek changes in a number of fields – from stability of economic environment to effective work of the…
Georgia received $258 million from international tourist visits in May, up by 250.4% YoY, the Georgian National Tourism Administration said. Revenues from international tourism have also recovered by 95.6% compared to the pre-pandemic 2019, the GNTA said. In the first five months of 2022, revenues from international tourism reached $840 million, up by 374.5% YoY…
In Q1, there were 28.2 thousand job vacancies in Latvia, up by 6.6 thousand vacancies or by 30.3% YoY, however the pre-pandemic level had not been reached yet (on average 29.1 thousand in 2019). In private sector there were 17.8 thousand and in public sector 10.4 thousand job vacancies. Over the year the number of…
Poland’s Harmonised Index of Consumer Prices (HICP) rose to 12.8% YoY in May, against an 11.4% growth in the previous month, Eurostat, the European Union’s statistics office, reported. Month on month, prices increased by 1.6%, Eurostat data showed. HICP is calculated according to uniform Eurostat methodology. According to Poland’s Central Statistical Office (GUS), the prices…
There are currently 7,700 e-shops in Estonia, with the number having increased by around 1,700 during the pandemic. “In 2020, we monitored domains using the e-commerce platform and according to the data, there were about 6,000 different e-shops operating in Estonia at that time,” said Tonu Vaat, CEO of the Estonian E-Commerce Association. “In cooperation…
Ukrainian Ambassador to the United Kingdom Vadym Prystaiko has said he is disappointed that well-known British companies Unilever and OSTC continue to do business in Russia. “Every third bullet shot now at Ukrainians is sponsored by taxes paid by the Western business in Russia. We urge all British companies to exit Russian market. We are…
An increased demand for Polish goods and services was the main growth engine for Poland’s exports in April, according to a government think-tank expert. The National Bank of Poland’s balance of payments data showed that Poland’s exports reached a record high value of PLN 123.4 billion (EUR 26.25 billion) in April. Konrad Bochniarz, an economist…