Finance Minister Lasha Khutsishvili on July 18 announced public sector earnings would increase by 10% yearly over the next three years until 2026. The Ministry of Finance cites the minister as saying that a Government meeting had “formed certain directions” on how to regulate remuneration of labour in public services. “Starting from January 1, 2026,…
Due to insufficient wages Latvian State Fire and Rescue Service (VUGD) predicts an even bigger shortage of employees, the service warns. In 2017, the wage paid in VUGD was equal to the average in the national economy. Vacant jobs accounted for approximately 3%. However, wages have since fallen by more than 30% behind the average…
The Polish government is looking into ways of increasing the tax burden for state-owned companies that note stronger profits owing to rising prices of commodities, the government spokesperson has said. Piotr Mueller was commenting on July 18 on hints made by Prime Minister Mateusz Morawiecki several days ago. Morawiecki said that in the case of…
Lithuania harbours ambitions to have its space sector generating approximately 1% of the country’s gross domestic product (GDP) in five years’ time, Economy and Innovation Minister Ausrine Armonaite has said. According to her, Lithuania joined the European Space Agency within mere two months, which proved that the country was serious in its intentions. A total…
Labour market reforms and investments to increase productivity could raise potential economic growth in Poland to 4% a year between 2022 and 2030, the World Bank has said in a report. This year and next the economy may slow down due to inflation and other factors. The report noted that the Polish economy had “quickly…
The Customs Service (SV) collected over 695.4 million lei (34.7 million euros) on July 11-17, up by 20.9% from the budgetary task set for this time interval. According to SV, private people brought goods, the value of which in customs exceeded the non-taxable limit, with over 8.1 million lei collected, which accounted for 3.6% of…
Ukraine calls on heads of U.S. and European banks to sever ties with companies that trade Russian oil and stop providing credits to finance Russian war crimes. “Economic advisor to the President of Ukraine, Oleg Ustenko wrote to bankers including JPMorgan Chase’s Jamie Dimon and HSBC’s Noel Quinn, asking them to stop financing companies that…