Latvia’s economy has done well to weather the crisis caused by Covid-19. However, Russia’s invasion of Ukraine has worsened recovery perspectives, as mentioned in European Commission’s 2022 report about Latvia. According to the European Commission, the effect of the crisis on Latvia’s economy was lower than the average in the European Union. Its recovery was…
A night’s stay on Poland’s Baltic coast is more expensive than visiting the Adriatic this year due to a short holiday season and limited accommodation places, an analyst from the Polish Economic Institute (PIE) reports. Paula Kukolowicz of PIE’s strategy team added that the costs of traveling to the Polish coast and eating out remained…
As Russia’s war in Ukraine continues, Lithuania’s Caritas is launching its third campaign to collect aid for the people of Ukraine. The collection of aid will take place for three days in Vilnius, Kaunas, Marijampole, Panevezys, Siauliai, Klaipeda, Kaisiadorys, Lazdijai, Sakiai, Taurage, as well as in a several other district centres. This time, collected aid…
Poland’s estimated unemployment rate in May stood at 5.1% against 5.2% in April, the Family and Social Policy Ministry said on June 6. Close to 852,000 unemployed people were registered at labour offices at the end of May, down from 878,000 at the end of the previous month, the ministry also said. The number of…
Lithuanian government’s sanctions have banned Belarusian building materials from entering Lithuania as of March. But these materials can still be found on construction sites in the country. The sanctions on Russian and Belarusian building materials came into force on March 9. But goods ordered before March 4 could still be shipped to Lithuania for at…
The European Union has officially suspended all duties on imports coming into the EU market from Ukraine to boost Ukraine’s economy affected by the Russian aggression. The relevant statement was made by the European Commission Spokesperson for Trade and Agriculture Miriam Garcia Ferrer at a briefing in Brussels. According to Miriam Garcia Ferrer, the regulation…
Polish retail sales grew by 21.1% YoY in April after a 19.4% increase in March, Eurostat, the EU’s statistics agency, reported. Month on month, retail sales went down by 3.3%, the agency also said. Eurostat annual growth figures are work-day adjusted, while the monthly growth figures are also seasonally adjusted. Eurostat data also include small…