In Poland real interests are negative, and core inflation is still at the highest levels. Industrial output (-3.2%), construction (-0.7%), and retail sales (-6.8%) are all falling.
Pressure on current expenditures in social, healthcare, and defence will only mount over time. Business expectations are indeed pessimistic.
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.
Ukraine urges the EU to lift export restrictions on its agricultural products, whereas CEE countries claim local markets’ distortion.
Lithuania’s highly educated workforce, modern infrastructure, and favourable business environment generate massive start-up opportunities.
This year a potential investment of €1.9 billion in 40 projects are targeting Latvia, among which Marcegaglia steel and Roche biotech.
The investment is worth over EUR 100 million, where architectural aesthetics and solutions will create a pleasant experience for both customers and employees.
A GDP contraction of –0.3% is predicted for this year in Lithuania, with +2.7% growth in 2024. Inflation to decrease more slowly than expected.
Poland will temporarily stop all imports of grain from Ukraine. How additional restrictions to free markets would now improve the outlook?