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%…
The Georgian Government will spend GEL 32 billion (about $11 billion or EUR 10 billion) over the next 10 years in developing infrastructure and raising living standards of citizens, Irakli Karseladze, the Minister of Regional Development and Infrastructure, has said. Speaking in the Minister’s Hour format at the Georgian Parliament, Karseladze said the construction of…
In January-March, Latvian unemployment rate constituted 7.3%. Over the quarter unemployment rate grew by 0.2%, while over the year it fell by 0.8%. In Q1, there were 68 thousand unemployed persons aged 15-74 (inclusive), down by 6.7 thousand YoY, but up by 1.5 thousand QoQ, according to data of the Labour Force Survey (LFS) conducted…
Managers of Belarusian state-owned sanatorium Belorusija and Russian state-owned sanatorium Jantarnij bereg in Jurmala have been blacklisted by Latvian authorities. Latvian State Security Service (VDD) confirms that Russian citizen Viktor Danilohs and Belarusian citizen Aleksandr Gruzdov have been in focus of the service for a long time for activities that may serve Russian state interests…
Lithuanian President Gitanas Nauseda has met with Google Vice President Karan Bhatia on the sidelines of the World Economic Forum in Davos and called on the company to step up its investment and operation in Lithuania. He also invited Google executives to visit Lithuania. “Today, Lithuania is professionally ready to accommodate Google’s significantly larger investments…
Poland’s unemployment rate fell to 5.2% in April from 5.4% March, the Central Statistical Office (GUS) reported on May 25. The number of registered unemployed measured 878,000 in April against 902,100 in the previous month, GUS also said. Earlier, the Family and Social Policy Ministry estimated April’s unemployment at 5.3%. (The First News/Business World Magazine)
Poland may become the strongest link of global supply chains that have been disrupted by the coronavirus pandemic and war in Ukraine, Mateusz Morawiecki, the Polish prime minister, has said. Supply problems resulting from Covid-19 lockdowns and the war in Ukraine have been stifling the reviving global growth as economies are facing shortages of components,…