The IMF mission has commended the Lithuanian government’s response to economic challenges, noting that inflation, which is among the highest in the EU, should abate until the end of the year. Lithuania is well prepared to meet economic challenges brought by the pandemic and the war in Ukraine, as the country’s government has chosen the…
Lithuanian recruitment company Nermeka and ice cream producer IceCo were fined for exploiting Ukrainian workers, which was revealed by Siena Centre for Investigative Journalism last month. Nermeka is a company that provides recruitment services to job seekers and workers for companies seeking employees. When the war broke out in Ukraine, the company announced on social…
Inflation in the Georgian economy will remain close to the target in the middle of 2023 “if there are no shocks”, Archil Mestvirishvili, the Vice President of the National Bank of Georgia, said on June 6 at a meeting of the Sector Economy and Economic Policy Committee in Parliament. Mestvirishvili noted inflation would be close…
Latvia’s economy has done well to weather the crisis caused by Covid-19. However, Russia’s invasion of Ukraine has worsened recovery perspectives, as mentioned in European Commission’s 2022 report about Latvia. According to the European Commission, the effect of the crisis on Latvia’s economy was lower than the average in the European Union. Its recovery was…
A night’s stay on Poland’s Baltic coast is more expensive than visiting the Adriatic this year due to a short holiday season and limited accommodation places, an analyst from the Polish Economic Institute (PIE) reports. Paula Kukolowicz of PIE’s strategy team added that the costs of traveling to the Polish coast and eating out remained…
As Russia’s war in Ukraine continues, Lithuania’s Caritas is launching its third campaign to collect aid for the people of Ukraine. The collection of aid will take place for three days in Vilnius, Kaunas, Marijampole, Panevezys, Siauliai, Klaipeda, Kaisiadorys, Lazdijai, Sakiai, Taurage, as well as in a several other district centres. This time, collected aid…
Poland’s estimated unemployment rate in May stood at 5.1% against 5.2% in April, the Family and Social Policy Ministry said on June 6. Close to 852,000 unemployed people were registered at labour offices at the end of May, down from 878,000 at the end of the previous month, the ministry also said. The number of…