Polish retail sales grew by 14.5% YoY in March after a 14.2% increase in February, Eurostat, the EU’s statistics agency, reported on May 4. Month on month, retail sales went up by 0.7%, the agency also said. Eurostat annual growth figures are work-day adjusted, while the monthly growth figures are also seasonally adjusted. Eurostat data…
The Cabinet of Ministers has allocated another sum worth UAH 500 million for the purchase of medicines, medical purpose goods and equipment, the Prime Minister Denys Shmyhal has announced. “The support of our citizens remains the topmost priority. From the first weeks of the war, we triggered and are actively implementing a program of free…
In April, inflation rate in Ukraine was at 15.9%, and it might exceed 20% until the end of the year. “We have a significant level of price rise, but it is controlled. And such indicators cannot be compared with 2015 when inflation reached 60% in some months,” Governor of the National Bank of Ukraine Kyrylo…
The Organization for Economic Co-operation and Development (OECD) has suggested that Lithuania should scrap the existing VAT concession for hotels and restaurants. The existing VAT concession for the catering sector expires at the end of this year. It was introduced last year to help businesses affected by the Covid-19 pandemic. Hotels have been subject to…
Georgia and the Czech Republic have signed an agreement on priority directions in trade and economic relations between the two countries, the Georgian Economy Ministry announced on May 2. The agreement was revealed during the 6th Session of the Intergovernmental Commission on Economic Cooperation, where questions of deepening relations in trade, investment, energy, transport, tourism,…
According to Statistics Estonia, in March, the total production of industrial enterprises increased by 7.8% at constant prices compared to March 2021. Output increased in all three sectors: by 6.6% in manufacturing, by 5.2% in mining and by 21.3% in energy production. According to Helle Bunder, analyst at Statistics Estonia, production volumes increased in most…
The Cabinet of Ministers of Ukraine adopted a decision to keep gas prices for the population unchanged. “Today, we adopt a decision to keep gas prices for people unchanged. No increase. UAH 8 per 1 cubic meter as before. The preferential price will remain in place for enterprises that perform critical functions to ensure the…