It’s possible Latvian gross domestic product (GDP) may have increased by 4.3-5% in the first quarter when compared to the same period of 2021, according to analysts of Latvian banks. Citadele Bank economist Martins Abolins said in Q1 Latvia’s GDP growth in comparison to Q1 2021 might have been 4.5-5%. When compared to Q4 2021,…
A little over half of Lithuanians consider themselves “middle class”, according to a new survey. The figure is down from the previous poll two years ago. To be comfortably-off, Lithuanians would like their incomes to be considerably higher. In the survey commissioned by Swedbank, 55% of the respondents classified themselves as middle class (over 60%…
Ukrainian Prime Minister Denys Shmyhal has named three possible sources of finance for a recovery fund for Ukraine after the war. “There are three possible sources of finance for the recovery fund for Ukraine,” Shmyhal said. According to him, one is Russian assets, now frozen in the West, which are believed to total at least…
Councilors in the capital have made changes to Chisinau City Hall’s budget in terms of revenue and expenditure. The interim head of the General Finance Directorate of the Chisinau City Hall, Olesea Psenitchi, requested during a meeting of the Chisinau Municipal Council on April 27 to make changes to the capital’s budget. Thus, the revenues…
Ministry of Welfare offers giving pensioners in Latvia another single-time benefit in December, according to the ministry’s presentation published on the Saeima’s website regarding proposals for compensation of energy price rise for households. Pensioners whose pension is under EUR 300 are proposed to be given a EUR 200 bonus, whereas for pensioners whose pension is…
This year’s economic growth is expected to reach 3.8%, while annual inflation is to amount to 9.1%, according to a Finance Ministry macroeconomic forecast published on April 26. The government approved a multi-year financial plan for the years 2022-2025, part of which was an updated convergence program to be handed over to the European Commission…
The United Kingdom announced the decision to reduce all tariffs to zero and remove all quotas on imports of Ukrainian goods thus saving thousands of jobs during the war. “I am grateful to the United Kingdom and personally to Prime Minister Boris Johnson for his prompt and positive response to our request for trade liberalization.…