Poland’s Gross Domestic Product (GDP) increased by 8.5% YoY in the first quarter of 2022, the Central Statistical Office (GUS) said on May 31. The figure is in line with GUS’s previous flash estimate. In the fourth quarter of 2021, the country’s GDP rose by 7.6% year, GUS said. Investment went up by 4.3%, private…
More than 600 companies have relocated their capacities from the regions where hostilities are underway. Of those, 390 have already resumed operations. This was stated by the Ministry of Economy on Facebook. “More than 600 companies that took part in the relocation program have moved from the areas where the fighting continued. Some 390 of…
With inflation in Lithuania at its highest level in decades, up to 50% of the country’s population have cut back on spending, according to a new survey. Only around a fifth have not changed any consumption habits despite soaring prices, the survey conducted by Vilmorus for BNS suggests. The poll found that 40% of respondents…
As many as 98% of Polish municipalities have received aid under the government’s Strategic Investment Programme, Mateusz Morawiecki, the prime minister, has said. According to Morawiecki, each of the municipalities benefiting from the programme has seen at least one project approved. “We need an economic model that is based on solidarity, one in which the…
Russia’s full-scale invasion of Ukraine has prompted economic sanctions as well as talk of terminating business in Russia, but the import of raw materials from Russia to Estonia is still in the process of winding down. According to involved parties, however, things are heading in that direction, with companies taking full advantage of contracts concluded…
Taxpayers from Chisinau have been warned about the need to pay real estate tax for the fiscal period 2022. The local tax collection department has already sent the payment notices, through postal services, and the payment will be made until June 30, the Capital City Hall has reported. “The owners of the electronic and /…
Due to the war, about 35% of Ukraine’s economy is shut down as of today. This was stated by Ukrainian Prime Minister Denys Shmyhal, who spoke with BBC News Ukraine. “According to various estimates of many experts, we have lost between 30% and 50% of our economy today. The forecast for GDP drop is also…