The consumer price index grew by 18.8% YoY in April, with price advance faster than in decades. Housing expenses contributed the most, Statistics Estonia reported. According to Statistics Estonia, in April, the consumer price index increased by 3.6% MoM and by 18.8% YoY. Goods were 14.4% and services 27.8% more expensive than in April last…
During his working visit to Warsaw, the Prime Minister of Ukraine Denys Shmyhal announced that since the beginning of the full-blown russian invasion of Ukraine, the country had obtained more than $12 billion in support in the shape of weaponry and finances. “These are funds from Ukraine’s allies that help us defend our freedom and…
Compared to March 2021, industrial production output rose by 6.3% in March, according to calendar adjusted data at constant prices. Output increase was registered in manufacturing (+10%) and mining and quarrying (+9.2%). In turn, the supply of electricity and gas decreased by 18.6% due to a decrease in the volume of electricity produced in CHP…
The inflow of foreign direct investment (FDI) into Poland in 2021 hit a record high of $24.8 billion, up by 82% from pre-pandemic 2019. According to the state-owned think tank, Polish Economic Institute (PIE), Poland was 14th in the world and the third in the EU, behind Germany and Sweden, in terms of the value…
Unions in Estonia want the monthly minimum wage to be hiked extraordinarily, to EUR 700, citing inflation and high energy prices. Employers are more lukewarm about the idea. The current minimum wage per month is EUR 654, set at the end of last year. The Confederation of Trade Unions (Ametiuhingute keskliit) made its proposal to…
Around 102,000 Ukrainian citizens have found employment in Poland since February 24, when Russia invaded their country, the daily Rzeczpospolita wrote on May 5 citing the Labour Ministry’s data. Under the Polish government’s special law passed in early March, Ukrainian citizens can take up work in Poland without the need to obtain a special permit.…
Lithuanian seaside entrepreneurs say that both accommodation and food will cost more this summer. Holidaymakers are already noticing the price differences. Palanga, Lithuania’s most popular seaside spot on the Baltic coast, is finishing the last upgrades before the summer season kicks off, such as a new pathway to the sea. It is partly funded by…