The consumer price index rose by 11.3% YoY in January, state agency Statistics Estonia reported. The month-on-month change between December 2021 and January stood at -0.1%. Statistics Estonia leading analyst Viktoria Trasanov said that government measures curbing energy prices, and an overall fall in electricity prices at the beginning of the year compared with the…
Small- and medium-sized entrepreneurs will be able to easier access loans provided by commercial banks-partners of the Organization for Small- and Medium-sized Sector Development (ODIMM). MP Dumitru Alaiba and Economics Minister Sergiu Gaibu informed about the simplification of the procedure of accessing credit guarantees, which guaranteed the loans asked by Small and Medium-sized Enterprises (SMEs)…
Lithuania’s central bank head has welcomed President Gitanas Nauseda’s recent proposals to increase the incomes of low-earners. However, he is more critical of the government’s proposal to temporarily cut the value added tax on central heating. The measure is “a good thing”, Gediminas Simkus said, pointing out that other EU member states had also taken…
About 54.5 million lei will be allocated this year from the National Fund for Regional Development (FNDR) in order to implement nine projects in the Southern Development Region, which are found in the Program Document 2022-2024. The decision was taken at a meeting of the National Council for the Coordination of Regional Development (CNCDR), which…
The Consumer Price Index in Georgia increased by 1.1% in January compared to the previous month, while the annual inflation rate stood at 13.9%, the latest inflation data of the National Statistics Office of Georgia (Geostat) showed. “With regard to annual core inflation, excluding food and non-alcoholic beverages, energy, regulated tariffs and transport, prices increased…
New rules to help bring foreign labor to Estonia and help the IT industry recruit have been agreed upon by the ministries of interior and economic affairs. The new rules affect the Aliens Act and the hiring of highly skilled workers from outside the European Union. Laura Laaster, spokeswoman for the Ministry of Economic Affairs,…
Lithuanian President Gitanas Nauseda proposed raising the non-taxable income threshold to 510 euros, from the current 460 euros, in an attempt to help people cope with high inflation. He has also called for one-off payouts to the most vulnerable. “This is a measure aimed at people with the lowest incomes. It is a targeted and…