
Poland: the goods trade deficit is still here
December data show a deficit of PLN 0.1bn in the country’s current account, with trade in goods declined the sharpest in 2023.
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 Bank of Lithuania published a comparison of interest rates on loans of Lithuanian and euro area credit institutions and term deposits.
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
Profit as a share of assets was around 60% higher in 2023, but now interest- and administrative expenses are likely to grow, as well as overdue loans.
With over 7,000 specialists and more than 260 companies, Lithuania represents Europe’s largest Fintech hub, now aiming at 35 million clients.
In a deteriorating context, NBP faces the pro-inflationary impact of fiscal easing, regulatory decisions, and the uncertain economic outlook.
Last November the downward trend in export goods continued (-8.3% to 12 months prior). The value of goods imports decreased by 13.8%.
Last November the surplus on the CAB decreased by 34.3%, where the trade balance suffers alongside exports (services -3.2%).
Market expectations of rapid disinflation remain, but underlying risks come from commodity costs, monetary supply, and trade protectionism.
Estonia is holding strong with €75M attracted FDI with energy & climate the hottest categories. Now the plan is to reach 500 DeepTech startups by 2030.