The industrial producer price index rose by 33.7% YoY in May. Leading analyst at Statistics Estonia Germo Valgenberg said: “In manufacturing as a whole, prices increased by 24%, whereas in the manufacture of food products, prices rose by 21.2%.” Valgenberg explained that this May’s index was primarily affected by price increases in the production of…
Last week, Latvia banned Russian and Belarusian nationals and firms from holding stakes or managing companies key to national security. Lithuania has already similar controls in place, according to an MP. “We already have what Latvians have done, as companies that do not meet the Euro-Atlantic security criteria simply cannot participate in transactions, let alone…
Inflation in Poland will probably reach its peak either in the third or fourth quarter of 2022 and then will start to fall, a deputy finance minister has said. Piotr Patkowski also said the predicted peak for inflation would occur “if the current geopolitical situation does not change”. “It seems that this moment is not…
The Ministry of Foreign Affairs negotiates the re-opening of McDonald’s restaurants in Ukraine. As Foreign Minister Dmytro Kuleba posted on Facebook, with the beginning of the full-scale Russian invasion, McDonald’s, like many other companies, suspended the operation of restaurants in Ukraine for security reasons. But the MFA believes that now there are conditions to resume…
Ukrainian President Volodymyr Zelensky has said he is convinced that Europe’s security is impossible without liberation from the chains of dependence that Russia has been creating for decades. He stated this in an address to the participants in the Prespa Forum Dialogue. “Any serious discussion of the security architecture in Europe must be based on…
The pre-acceleration program for girls and women has announced the launch of the fourth edition, which will take place on July 11 – September 2. The organizers of the program will select 30 participants eager to start their own businesses, and registrations are open until June 24. The purpose of the XY Pre-Accelerator program is…
Poland’s core inflation, excluding the prices of food and energy, measured 8.5% YoY in May, up from 7.7% in April, the National Bank of Poland (NBP) said. Core inflation, excluding fixed prices, amounted to 14% in May, up from 12.2% in the previous month. Core inflation, excluding the most volatile priced items, measured 10.4% in…