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Poland and Korea partner over tech, energy, and infrastructure
In 2022, the turnover of trade between Warsaw and Seoul amounted to USD 9 bn. The value of Korean exports reached USD 7.90 bn (+19%).
In 2022, the turnover of trade between Warsaw and Seoul amounted to USD 9 bn. The value of Korean exports reached USD 7.90 bn (+19%).
With support from Poland and European funding (1.6 bn), the Baltics will upgrade their infrastructure and disconnect from the BRELL system.
In a context of a technical recession and stuck employment, Lithuania still stands out in fintech and automotive to bounce back economic growth.
Applications from Lithuania’s institutions receive €1 million in funding, and the space sector will grow to 1% of GDP by 2027.
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.
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.
Lithuania’s manufacturing generates 20% of the GDP and employs 13% of the labour pool. Automotive leads both in jobs created and expenditures.
Riga rebranded its national strategy aiming to increase the amount of attracted investments to 2.45 billion euro over the next three years.
Lithuania’s highly educated workforce, modern infrastructure, and favourable business environment generate massive start-up opportunities.
mRiik is the digital identity app that will allow you to have all the necessary documents (passport, ID card, driver’s license) in users’ phones.