The Little Tigers can be hurt but never tamed
The Baltics are challenging current setbacks and security concerns while striving for energy independence in the Nordic region.
The Baltics are challenging current setbacks and security concerns while striving for energy independence in the Nordic region.
Ionway is building its first factory in Nysa, aiming at an annual production capacity of 160 GWh. Reportedly, 350 mln euros are granted by the government.
Coal mines employ nearly 76,000 people, but Poland doesn’t want to miss out on attracting greenfield projects. Elections’ rhetoric is buzzling.
The purchasing power of wages has not yet returned to where it was, their paid-out exceeded 10% throughout the first five months of the year.
The tight labour market increases the risk that inflation will remain higher and growth lower, and the rising borrowing costs will weigh on investment outlooks.
Despite Poland’s core inflation picture being the least favourable in the region, the government released a plan to increase permanent spending.
In an attempt to avoid an outright ban on sales of polluting vehicles, Warsaw will continue mining coal, which generates 70% of its power, until 2049.
In Estonia, the price of electricity in April was 29% higher than the previous month. While GDP is expected to decline by 1.2% this year.
High inflation has translated not only into a decline in real purchasing power, but also in construction- (-1.5%) and industrial production (-2.9%) drops.
Uncertainty is the key factor in Estonia’s GDP forecast, which is built on the back of the 2022 downturn: energy and consumer prices, purchasing power, and business confidence.