In 2022, consumer prices in 2022 increased on average by 28.7% YoY. The National Statistics Bureau (BNS) unveiled the data. At the same time, in December 2022, compared to the same month in 2021, average consumer prices increased by 30.2%. The increase was influenced in particular by the increase in the prices of food products…
The Lithuanian parliamentary Committee on Foreign Affairs is discussing a proposal by a group of MPs to restrict the activities of Lithuanian residents and businesses in Russia. The so-called Lopata Resolution (named after liberal MP Raimundas Lopata, one of the authors of the proposal formally entitled On Limiting Terrorist Russia’s Influence) was discussed at a…
Poland’s GDP should rise by 0.7% in 2023 against a 3.6% forecast earlier, the World Bank has said in a report. The World Bank has downgraded Poland’s economic growth in 2023 to 0.7% from a 3.6% increase expected in June 2022, said the bank in its report, which was published on January 10. The World…
According to preliminary estimates of the Ministry of Economy, in accordance with the trade balance methodology, exports of goods to the EU countries in 2022 increased by 4.2% YoY and amounted to about $28 billion. “This is extremely important in view of the diversification of logistics routes – and this is the task we set…
On January 10, Prime Minister Natalia Gavrilita met members of the Foreign Investors Association (FIA). The parties discussed possibilities of improving the business environment, developing businesses and increasing the number of jobs. “The Cabinet launched multiple instruments of backing the private sector, in order to overcome the impact of the crises; yet, our effort to…
The Government of Georgia has become a 100% shareholder of Georgian Railway, marking a change in the major company operating rail services across the country. A London Stock Exchange statement sent to investors on December 23, 2022 announced the change in the ownership of the company. Previously, Georgian Railway was wholly owned by the state-owned…
Lithuanian Economy Minister Ausrine Armonaite is meeting with Taiwan’s Minister of Digital Affairs Audrey Tang in Vilnius to discuss new cooperation projects and progress in carrying out earlier agreements. The programme of the visit includes signing a Memorandum of Understanding with the Innovation Agency on cooperation in developing digital skills of students and teachers in…