Purchase of discounted products, search of cheaper goods and services and more frequent meals at home – these are the most common strategies Latvian residents use to save up money and reduce the impact from the rapid price climb, says Swedbank Institute of Private Finances expert Evija Kropa, commenting on data from the institute’s study.…
E-commerce giant Amazon is considering setting new distribution centres in Poland, the company’s press officer reports. Konrad Mroz said: “We are constantly considering new potential locations. We take into account many factors when taking decisions on where to develop buildings in order to best serve customers. We are engaged long-term in Poland and are concentrating…
Lithuania’s Economy and Innovation Ministry held a conference in Vilnius on July 12 to bring together politicians and representatives of the business and expert community to discuss plans of rebuilding Ukraine. Economy and Innovation Minister Ausrine Armonaite says Lithuania can demonstrate leadership to the whole world by providing not only military and political assistance to…
The 2022 annual inflation rate in Poland will come to 14.2%, will fall to 12.3% in 2023 and to 4.1% in 2024, according to a new central bank report. “Inflation will reach its peak in the first quarter of 2023 when it will grow to 18.8%,” the National Bank of Poland (NBP) wrote in the…
On July 11, the Prime Minister of Ukraine Denys Shmyhal held a meeting with the Prime Minister of the Netherlands, Mark Rutte. The Head of the Ukrainian Government thanked the Netherlands for its solidarity and strong support of the state in all spheres: from the supply of necessary weapons to humanitarian and financial assistance. Denys…
The Polish e-commerce market is expected to expand to twice its current size until 2027 and its share in total retail sales is likely to reach 17% in five years’ time, a new report has found. The electronic commerce market will grow by more than PLN 94 billion in value (EUR 19.6 billion) over the…
The number of new job offers in Poland has fallen for the second month in a row, compared to the same period of 2021, a report has revealed. Grant Thornton’s and Element’s report, published on July 11, found 288,000 new job offers published on the 50 biggest recruitment websites in June, down by 8% YoY…