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NBP throws water on the fire of prices and populism
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.
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.
The ruling of the Constitutional Tribunal introduces aspects of a legal Polexit, harming the judicial cooperation between Polish and European courts.
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.
Lithuania’s fiscal response to the crisis has been timely and adequate: GDP contracted by only 0.8%, while real growth has reached 4.8% this year.
According to the government in Vilnius, Belarus is “arming” illegal immigration from Iraq and Syria to be sent across the border to Lithuania.
Bioenergy is playing a key role in Vilnius’ energy supply: about 75% of the heat is produced by burning woody biomass collected on the national territory.
The 2020 recession is due to a fall in consumption representing 58% of GDP. The industry is expected to be driven by housing demand and major infrastructures.
The lack of investment weighs on real prospects and opportunities in the medium to long term, as private investment has been below the EU average for years.