Only rhetoric and shields from the reckoning are temporary
In Poland, the energy shield withdrawal brings prices for house energy to rise, core to increase, and CPI to remain at elevated levels.
In Poland, the energy shield withdrawal brings prices for house energy to rise, core to increase, and CPI to remain at elevated levels.
Vilnius’ strategy on defense led to 14 large-scale projects within the Green Corridor worth nearly 4,000 jobs and more than EUR 1.25B in investment.
Latvian government launches a school program to include traditional rye bread in the daily meals of pupils from kindergarten to the entire first cycle.
The construction of Estonia’s first pumped hydro storage plant will begin in 2025, with a capacity of 6GWh of power to the grid.
With government funding being increased alongside the decline in competitiveness, budget deficit and debt will only widen.
In Poland, construction output (-8.9% YoY ) was weaker than expected, while retail sales data indicates that sentiment remains cautious.
GDP growth in Q2 2024 was close to 3% YoY only thanks to consumption. Solid market economy will be back only upon the expiration of minimum wage policy.
Despite the deficit in May, a current account surplus of 0.8% of GDP is forecasted for 2024 thanks to the EU support and domestic demand.
Despite the consumer basket being 2.5% more expensive YoY, inflation expectations have fallen – only waiting for energy prices to climb for seasonal reasons.
Poland faces an increasing influx of refugees trying to reach EU countries via Belarus, hence the possibility of closing and guarding the 418 Km of border.