Clouds on the horizon for construction Made in Poland
Polish construction output is forecast to level off in 2021, and to rebound by more than 7% in 2022. Profit margins will deteriorate and fail to increase further.
Polish construction output is forecast to level off in 2021, and to rebound by more than 7% in 2022. Profit margins will deteriorate and fail to increase further.
The Polish economy continues to grow, driven by two engines: industry and services. Next year, demand and wage pressure will be the key drivers of inflation.
Vilnius has achieved considerable results in energy supply from renewables, recycling and composting. However, emissions have increased by 50% since 2005.
Many unemployed have a background in sectors affected by the pandemic: the skills of job seekers often do not correspond to the new needs.
Latvia’s GDP growth estimates for 2021 have been revised upwards to 5.3%, as well as inflation which is expected to reach 5% by the end of the year.
The current account surplus of €168.5 million replaced the deficit recorded in July. The CAB surplus is the result of a surplus in the balance of services.
The ruling of the Constitutional Tribunal introduces aspects of a legal Polexit, harming the judicial cooperation between Polish and European courts.
ING estimates strong price pressure due to the continued rise in fuel, food and energy. In August, PPI accelerated to 9.5% YoY.
Rulers in Warsaw are undermining the independence of courts, media and NGOs. Forgetting that the primacy of European laws is a key principle of the integration.
The offshore wind farm is a joint Estonia-Latvia project with a total capacity of 700-1000 MW, and will provide over 3 TWh of renewable energy per year.