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…
Poland’s seasonally adjusted unemployment rate remained unchanged at 3% in March from the previous month, Eurostat, the EU’s statistical office, reported on May 4. According to Eurostat, in March, the unemployment rate in the eurozone countries, according to seasonally adjusted data, stood at 6.8%. According to Poland’s Central Statistical Office (GUS), Poland’s unemployment rate fell…
The largest tax bill owed following the deadline for filing the past tax year’s declaration has come to EUR 1.7 million, a Tax and Customs Board (MTA) spokesperson said, while the largest rebate came to EUR 13,000. The deadline for filing was May 2. Over 730,000 people submitted their income tax returns to the Tax…