In March, Ukraine’s exports reduced by 57.9% compared to February and imports – by 75.8%. The relevant statement was made by the Ukrainian State Statistics Service. “In March, compared to February, the seasonally adjusted export volumes reduced by 57.9% and import volumes – by 75.8%. The seasonally adjusted foreign trade balance was positive in March,…
In a situation of growing global economic crisis and complications caused by the war, replacing a minister that is responsible for resolving very important economic issues is irresponsible, according to Latvian Chamber of Commerce and Industry (LTRK). Prime Minister Krisjanis Karins announced on May 16, that the Minister of Economics Janis Vitenbergs would have to…
Poland’s Gross Domestic Product (GDP) increased by 8.5% YoY in the first quarter of 2022, the Central Statistical Office (GUS) said in a flash estimate on May 17. Economists polled by PAP expected GDP to rise by 8.1%. Quarter on quarter, Poland’s GDP grew by 2.4% in the first three months of this year, GUS…
The Lithuanian parliament on May 17 voted to raise the non-taxable income threshold by 80 euros to 540 euros as of July. This means an increase in income for the lowest earners whose annual income does not exceed the national average. The amendments to the Law on Personal Income Tax were passed with 93 votes…
President Volodymyr Zelensky of Ukraine says introducing an embargo on Russian oil is in the interests of both Ukraine and the whole of Europe. That’s according to the president’s latest video address, issued overnight on May 17. “We are also working to ensure that the European Union agrees on a sixth package of sanctions on…
The Ministry of Finance of Ukraine signed a Loan Agreement with Japan International Cooperation Agency for $100 million. “On May 16, Minister of Finance of Ukraine Sergii Marchenko and President of Japan International Cooperation Agency (JICA) Dr. Akihiko Tanaka signed a $100-million loan agreement for Ukraine,” the ministry press service said. “The concessional loan of…
Poland’s GDP will increase by 3.7% this year and by 3% in 2023, the European Commission (EC) said in its spring forecast on May 16. The country’s HICP inflation will reach 11.6% on average this year and by 7.3% in 2023, according to the EC. The war in Ukraine will have a significant impact on…