The value of the Polish e-commerce market reached PLN 111 billion (EUR 23.9 billion) in 2021, of which 56% were goods and 44% services, the PMR researcher found. Online sales of services were worth PLN 48.7 billion (EUR billion) in 2021 and are expected to double, to PLN 97 billion (EUR 20.9 billion), until 2027,…
Lithuania’s budget deficit will reach 4.9% of gross domestic product (GDP) this year instead of the previously projected 3.3%, Finance Minister Gintare Skaiste has said. “Considering the revisions and additional expenditure, the budget deficit this year might reach 4.9% of GDP, which will also be due to the increased financing of national defense that has…
Latvian Ministry of Environment Protection and Regional Development (VARAM) has prepared impossible conditions for residents who want to receive state aid to afford installation of a pellet boiler and other equipment powered by renewable energy resources in households. Every owner of a private house is eligible to receive up to EUR 3 400 from the…
Estonia’s imports of goods increased by 35% YoY, while exports rose by around half that figure, at 18%, in February, state agency Statistics Estonia reported, with the growth in imports significantly influenced by electricity and mineral fuels. Evelin Puura, leading analyst at Statistics Estonia, said that the disparity led to the largest trade deficit ever.…
In 2021, Poland recorded the highest trade deficit with Russia in nearly a decade, chiefly due to the significant increase in fuel prices. “Last year’s trade deficit increased to its highest level since 2014 and amounted to PLN 41.8 billion (EUR 9.1 billion),” the National Bank of Poland (NBP) reported on April 11, adding that…
The Lithuanian government has put together a plan on alleviating the effects of inflation, with the parliament expected to vote on them before Easter. Observers say more effort may be needed within months – and it may include measures that the government rejects today. Epigone, a company that sells merchandise linked with Lithuania, says the…
Ukraine’s daily expenditures related to the war with Russia amount to about UAH 2 billion, while the total daily losses incurred by the country due to destroyed infrastructure and loss of economic potential amount to $4 billion. This was stated by Prime Minister Denys Shmyhal, who spoke at the national telethon. “The is how much…