Forget rhetoric, Poland is the welcome buffer from Russia
Warsaw will raise its target defence spending to 5% of GDP. Whether acting as buffer from Russia will translate into political influence is another matter.
Warsaw will raise its target defence spending to 5% of GDP. Whether acting as buffer from Russia will translate into political influence is another matter.
Lithuania is the home to a few of the EU’s largest neo-banks and crypto platforms with one of the highest densities of start-ups per capita.
In 2021 the USA was the main investor in the country. Last September, the deficit on the current account balance slightly narrowed.
Estonia has now become a front-runner green power in wind farms. A unique laboratory on the sea will be created near Saaremaa.
The rise in relative costs and the gas storage/demand gap in Latvia will make the path rockier, thus weakening competitiveness.
Latvia’s recognitions at the last Go Global Awards underline its own achievements through innovations and technological development.
Despite the strong scores in the regulatory and legal frameworks, Estonia has more people unemployed than before the pandemic.
In 2021 and Q1 2022, the Polish metals and steel sector rose with elevated growth and profits, followed by additional purchases at the brick of the war.
In Latvia, the second half of this year and the beginning of 2023 will see an even stronger slowdown of economic growth and energy resources.
In addition to the pandemic recovery funds, the prospect of withholding Poland’s slice of the EU’s budget pie has sparked uproar in Warsaw.