Lithuania’s growth forecast is revised down. Increased prices of food and energy slow down growth in trading partners, when it’s necessary to cut market distortions.
The Estonian IT sector is the most competitive in CEE, thanks to its business environment and the implementation of online services.
Despite firms only need certainties, EU keeps deducting from Poland as a result of not complying with the judiciary. But Warsaw could spoil the Fit for 55 climate packages.
Poland has launched the Baltic Pipe, the infrastructure which will deliver 6.5 billion cubic meters of Norwegian gas in 2023.
The culture of knowledge and experience sharing attracts more talent and creates the breeding ground for more innovation and European leadership.
Energy independence, the fight against the shadow economy, digitization, stability and rule-of-law are essential for Latvia’s competitiveness and FDI attraction.
The OTK Global Service Centre in Lithuania is responsible for nearly 40 functions, including cyber security, IT systems, and over €1.3B in procurement.
Latvia ranks 5th among EU members in VHCN. Last year important investment has been made in fibre optic communication innovation.
Even in uncertain times, Estonia’s FDI inflow as a percentage of the GDP is the 4th-largest in Europe, thanks to the business legislation and government’s efficiency.
The growth in the deficit was due to the payment of dividends, while the increase in the foreign trade deficit resulted from a decline in exports.