The Government continues to create the best conditions for Ukrainian business, as it understands that business is the backbone for economic growth and recovery. Prime Minister Denys Shmyhal dwelled on that during a Cabinet of Ministers meeting on June 14. “After the start of the full-scale war, we have been issuing affordable loans averaging over…
Poland’s Consumer Price Index (CPI) will significantly exceed the central bank’s target for the next three years and will likely hit a peak of 15.8% YoY in August, according to a report published by a leading economic think tank on June 14. “For the next three years, inflation will considerably exceed the 2.5% inflation target…
A growing number of Polish companies plan to maintain their current level of employment, while the percentage of firms seeking new staff has decreased, according to a new survey by the Randstad recruitment agency. In all, 69% of companies will not add to their head count, up by 9% in comparison to December 2021, indicates…
Economists warn that the coming autumn and winter should be spent preparing for hard times: unemployment and bankruptcies are likely to increase, as wages are set to stagnate. The Food Bank is already reporting an increase in demand. Emilija from Panevezys in northern Lithuania adds 500 euros to her retirement pension by selling flowers. Now,…
The duty-free regime with the UK will soon be launched and trade liberalization with Australia is expected. “We will continue to work to facilitate access of Ukrainian goods to all important markets around the world. Customs duties on trade with the European Union have already been abolished. The United States already applies a duty-free regime…
Looking at the perspectives for development of Latvia’s economy, Latvian Chamber for Commerce and Industry (LTRK) does not approve of switching to a four-day work week, according to LTRK representatives. The organisation notes that if people want to live in a wealthy country, there are only two options – work more or work more productively.…
Georgia exported a record $504 million of goods in May, up by 48% YoY, preliminary data from the National Statistics Office of Georgia showed. Georgian exports this year have been distributed as follows: January – $331 million, February – $429 million, March – $411 million, April – $416 million and May – $504 million. The…