Lithuania: services fly high and CAB boosts its value
Last February recorded a rise in the surplus balance of services (+31.6% to €790.7 million) and a decline in primary income deficit (-50.6%).
Last February recorded a rise in the surplus balance of services (+31.6% to €790.7 million) and a decline in primary income deficit (-50.6%).
Latvia’s economy is projected to be sluggish: labour costs present risks to growth and competitiveness, while fuelling inflation.
Additional problems arise when the state softens the recession, widening the budget deficit with additional money into the economy.
The official opening of PAIH’s branch in Vilnius took place with a seminar for the fintech industry to discuss the local fintech strengths and challenges.
Lithuania’s optimism assumes a rapidly increasing household real income: will wages keep rising faster than prices with no consequences?
With the fall in exports (18.4%) and imports (12.4%) of services, the surplus balance of services decreased by 25.5%.
In Poland, 74 high-quality investments worth EUR 7.4 bn were completed with 20,000 new jobs. And now the prospect of a joint Chamber of Commerce with Mexico.
In December, the surplus on the CAB increased thanks to a drop in the foreign trade deficit and a rise in the surplus balance of services.
December data show a deficit of PLN 0.1bn in the country’s current account, with trade in goods declined the sharpest in 2023.
The value of the export of apples in January 2022 was $28,000, and a year later it increased by 50 times. The result for the whole of 2023 is almost $5 mln