The budget of Georgia’s Black Sea region of Adjara has tripled over the past 10 years and crossed the GEL 50-billion ($18.08 billion) threshold, Tornike Rizhvadze, the head of the regional government, revealed on November 29. A number of “important projects and programmes” will be planned for the residents of the region with the use…
Even as annual inflation continues to run excess of 20%, it edged down in the past two months and is expected to drop significantly next year, according to Lithuania’s central bank and finance minister. “Inflation is easing. It has already peaked and various institutions are forecasting an average annual inflation rate of less than 10%…
Poland’s record-high inflation may start to drop in the second quarter of 2023, according to Mateusz Morawiecki, the prime minister. Poland saw the prices of consumer goods and services (Consumer Price Index, CPI) soar to 17.9% YoY, and by 1.8% MoM in October, the Central Statistical Office reported. The CPI is now at its highest…
Mateusz Morawiecki, the prime minister, has said that Poland will keep a zero VAT rate on food in the first half of 2023. The Polish government introduced a shield, which brought in a number of VAT cuts on food and fuel, at the end of 2021 to combat rising inflation but in its present form…
Amid intimations of a possible split between the liberals and the conservatives in the ruling coalition, party representatives held a meeting on November 28 to discuss disagreements during a recent budget vote. “We meet all the time, today is a regular Monday meeting, we are going to continue to meet, everything is fine,” Viktorij Cmilyte-Nielsen,…
Almost half of people in Lithuania have been or are saving money for the upcoming winter, while about a third cannot afford to save, according to a new poll by Vilmorus for BNS. Sales figures suggest that households are increasingly limiting their purchases, while soaring energy prices, inflation and financial uncertainty are pushing them to…
Online gambling businesses – including online casinos, slot machines and betting – will be subject to mandatory permits for specific types of operation, following the Georgian government’s reveal of amendments to the relevant law on November 28. According to the bill, online casino permits will be issued only to casino holders, with online slot machine…