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…
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.…