Poland’s Purchasing Managers’ Index (PMI) fell to 44.4 points in June from 48.5 points in May, economic researcher S&P Global reported. Economists polled by PAP predicted the PMI would reach 48.0 points in June. The June reading was the lowest in 25 months. S&P Global said high inflation and growing geopolitical tensions dampened new orders…
As of July 1, flavoured electronic cigarettes are no longer available in Lithuania. The new ban aims to tackle the rise in smoking among teenagers and children. “The use of electronic cigarettes among teenagers aged 15 to 16 is one of the highest in Europe, second only to Monaco,” said Grazina Belian, interim head of…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 15.6% YoY and by 1.5% MoM in May, the Central Statistical Office (GUS) reported in a flash estimate. Economists polled by PAP Business estimated that CPI would reach 15.5% YoY and 1.4% MoM. This is the highest CPI reading in Poland since 1997.…
The European Commission has waived customs duties and VAT on the import of life-saving goods from third countries for Ukrainians affected by the war. The relevant statement was released on the website of the European Commission. “The European Commission has adopted a Decision enabling Member States to temporarily waive customs duties and VAT on the…
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,…