Last week, fuel prices in Vilnius and Tallinn remained stable. In Riga prices went down, according to data compiled by LETA. At the end of the week petrol was the most expensive among the three in Tallinn, followed by Riga. Petrol was the cheapest in Vilnius. Diesel fuel was the most expensive in Tallinn and…
Poland’s average corporate gross monthly wage rose by 10.3% YoY, to PLN 7,329.96 (EUR 1,554) in December 2022, the Central Statistical Office (GUS) reported. In monthly terms, the average wage went up by 6.9%. Economists polled by PAP expected a 12.4% annual increase in the corporate wage in December 2022 and a 8.9% rise from…
Georgia exported locally produced goods worth $5.59 billion in 2022, up by 31.8 YoY, preliminary data from the National Statistics Office of Georgia showed. Geostat said local exports in the country accounted for 66.2% of total exports in 2022, amounting to $3.70 billion, up by 18.4%. Georgia’s top trading partners were: China – $694.8 million,…
President Maia Sandu, during the three days of the World Economic Forum, has had discussions on the situation in the region with European Commission President Ursula von der Leyen, German Chancellor Olaf Scholz, Prime Minister of Spain Pedro Sanchez, as well as with PM of Ireland Leo Varadkar. All the four leaders are expected to…
A new photonics, laser processing and space technology centre was opened at Vilnius’ Visoriai Information Technology Park on January 19. Its founders plan to develop a European-level ecosystem of space and optical technologies in the Lithuanian capital’s Visoriai neighbourhood, the Economy and Innovation Ministry said in a press release. “At least two startups in defence…
Poland’s population is expected to decline to 32.5 million in 2060 from 37.9 million in 2022 according to a demographic forecast by the Finance Ministry published by social insurer ZUS. The population will drop further to 28.3 million until 2080, which means it will be smaller by 25.5% than today, the ministry writes. Poland’s working…
China’s stance towards Lithuanian companies has been softening for some time now, Vidmantas Janulevicius, president of the Lithuanian Confederation of Industrialists (LPK), has said. “There has been lately a certain softening toward the export of Lithuanian goods to China,” Janulevicius said. According to him, talks have started about resuming exports of Lithuanian goods to China.…