The Lithuanian government has no plans to cut the VAT rate on food, as it would not benefit people, Finance Minister Gintare Skaiste has said amid calls by presidential advisers to introduce a lower VAT rate on food under a different model that would benefit consumers. On May 24, Irena Segaloviciene, the president’s chief adviser…
The Supreme Security Council (CSS) on May 27 decided to set up two parliamentary committees to examine rising inflation and price increases in Moldova. President Maia Sandu made the statement at a briefing after the CSS meeting. “The council has heard several reports on the situation in our country. As a result, we have decided…
The average gross monthly wage in Estonia rose by 8.1% YoY in the first quarter of 2022, state agency Statistics Estonia reported, to EUR 1,593. Argo Tarkiainen, analyst at Statistics Estonia, said: “Average gross wages were the lowest in accommodation and food services (EUR 974), other services (EUR 1,160) and real estate activities (EUR 1,162),”…
The Republic of Korea can contribute to the reconstruction of Ukraine after the end of the war. “In particular, to rebuild the destroyed infrastructure. We will also adopt the Korean experience of industrial modernization, which is extremely relevant for us today. I discussed these topics with Na Kyung-won, the representative of the Office of the…
The parliament, at a meeting on May 26, adopted measures of backing the low-income employees from the public sector units. Thus, the MPs amended the law on the single salary payment system in the public sector, in order to increase the volume of compensatory payment from 3,100 to 3,500 lei. Therefore, the employees from the…
Around 110,000 people in Lithuania, or 3.9% of the population, lived below the absolute poverty line last year, the country’s statistics office said on May 26. This is down from 140,000 people, or 5.1% of the population, in 2020. Last year, the absolute poverty threshold was defined as living on monthly income of less than…
Inflation in Poland should start to fall in late 2022, provided that the war in Ukraine ends, a deputy finance minister has said. Poland is now battling rising inflation. According to the Central Statistical Office (GUS), prices of consumer goods and services (Consumer Price Index, CPI) in Poland increased by 12.4% YoY and by 2%…