The Polish labour market will be able to absorb the huge influx of Ukrainian refugees, the central bank president has said. Over 2 million people had crossed into Poland from Ukraine since the start of the Russian invasion, but Adam Glapinski said the Polish economy was strong enough to employ the majority of the Ukrainians.…
The government has approved a new sanction on possibilities of Russian and Belarusian citizens to work or engage in enterprise in Estonia and will stop issuing corresponding visas and residence permits, the Government Office reports. Minister of the Interior Kristian Jaani (Center) said the sanction aimed to remove the discrepancy wherein international and national sanctions…
Nord Security, a cyber security tech firm that is behind NordVPN, has become Lithuania’s second company to be valued at over $1 billion after attracting an investment of $100 million. Founded in 2012, Nord Security is now valued at $1.6 billion. This makes the company Lithuania’s second unicorn, after the clothing resale platform Vinted. According…
Over the past three days, 10 new blows have been inflicted on Russia’s economy and influence abroad. “Here are 10 new blows on Russia’s economy, financial system, trade and remnants of Russia’s influence abroad inflicted in just these three days,” Minister of Foreign Affairs of Ukraine Dmytro Kuleba posted on Facebook. In particular, according to…
Compared to February, consumer prices in Latvia might have increased by 2.8-3% in March. This means that compared to March 2021 inflation in the country might have reached 11-11.2% in March 2022, according to bank analysts. Swedbank economist Laura Orleane predicted that in March consumer prices might have increased by 3% when compared to February.…
Klaipeda and Siauliai, Lithuania’s third and fourth biggest towns respectively, held events on April 7 where Ukrainians could meet potential employers. During the meetings, employers presented their activities and later met with people interested in jobs in a particular field for one-on-one interviews. Next week, a contact fair with representatives of companies in the service…
The Consumer Price Index (CPI) rose by 15.2% YoY in March, state agency Statistics Estonia reported, with housing-related price changes exerting the greatest influence. Services were 18.1% more expensive than in March last year and goods – 13.7% more expensive. Between February and March the CPI rose by 2.7%, Statistics Estonia said. Viktoria Trasanov, Statistics…