Polish companies will start to reduce employment costs when they are no longer able to pass rising costs on to consumers, an economist from business lobby Lewiatan has warned. Poland’s Purchasing Managers’ Index (PMI) rose to 43.0 points in September 2022 from 40.9 points in August, economic researcher S&P Global reported on October 3. In…
The Lithuanian Defence Ministry seeks that almost $3 million contributed by the country to a NATO trust fund aimed at supporting Afghanistan’s security forces be transferred to Ukraine. The Cabinet is expected to adopt the respective protocol decision this week. According to the ministry, $2.876 million (2.94 million euros) contributed by Lithuania to the NATO-run…
On October 1, the Convention on Common Transit came into effect in Ukraine. The relevant statement was made by the Ukrainian Finance Ministry. “On October 1, the provisions of the Convention on Common Transit entered into force for Ukraine, and businesses got an opportunity to internationally transport goods to 35 other member states, using a…
On September 29, Minister of Finance of Ukraine Sergii Marchenko met with the Vice-President of the European Investment Bank (EIB) Teresa Czerwinska. The Deputy Minister of Finance of Ukraine Olga Zykova also took part in the meeting. The parties discussed the financing needs of the state budget until the end of 2022 and in 2023,…
Lithuania has been living with double-digit inflation for almost a year. Food prices have gone up particularly sharply, by around a third. Economists say consumer sentiment is pandemic-like, which means austerity will drag on, especially as more income will be consumed by heating bills. Food producers and processors are frank – prices will have to…
Lithuania dropped four notches to rank 12th out of 165 countries and territories in the Fraser Institute’s latest Economic Freedom of the World index. In the latest report, based on 2020 data, Lithuania scored 7.82 out of a possible 10 points, 1.1 points lower than a year ago. According to the Canadian think tank, Lithuania’s…
Poland’s seasonally adjusted unemployment rate remained unchanged from the previous month at 2.6% in August, Eurostat, the EU’s statistical office, reported. According to Eurostat, the unemployment rate in the eurozone countries, according to seasonally adjusted data, remained unchanged MoM in August, at 6.6%. According to Poland’s Central Statistical Office (GUS), Poland’s unemployment rate went down…