Credit Agricole Bank Polska assessed that the lower-than-expected CPI consumer inflation reading in March lowers the indicator’s forecasts for the rest of the year to 3.3%. y/y this year (compared to 3.5% before the revision) and up to 3.6%. in 2025 (compared to 4% before the revision). According to the bank’s economists, the price dynamics … Read more
By dint of stringing together hits and making the whole world hum, it was inevitable. That’s it, Taylor Swift, or “Tay Tay” to those in the know, has entered the annual ranking of billionaires by the very serious American magazine Forbes. A presence (far behind, but still) alongside Bernard Arnault (cocorico) or Bill Gates which … Read more
She noted that food producers in Latvia are in an unequal situation when dealing with traders, and this is a problem not only in Latvia. “The manufacturer is always not an equal in negotiations with the merchant, because there are many manufacturers and if the merchant does not like someone or can find better delivery … Read more
In the best case – without crises, shocks and political mistakes – the Latvian economy will grow by about 2-3% per year in the medium term. The potential for rapid growth of the Latvian economy has been exhausted, says SEB bank economist Dainis Gašpuitis. Therefore, largely depending on the external environment, growth can fluctuate within … Read more
April 1, 2024 – 1:33 p.m Another discount chain may set foot in Hungary soon according to Haszon.hu. Based on the letter obtained by the portal, the Russian retail company Mere would like to expand in Hungary, they want to open 200 stores in three years and achieve a turnover of 700 million euros. “We … Read more
Finance Minister Mihály Varga did not miss the sprinkling either, and at the same time, on Easter Monday, he unexpectedly left for China for negotiations – reported the head of the ministry about this on his Facebook page. According to the Index information, days full of work would await the wallet dealer, since among others, … Read more
The Russian retail chain Mere (known in Russia as Svetofor) was founded in 2009, and since then they are present in at least twenty countries, including several European states. Among others, they are also present in Romania and Serbia. haszon.hu reported that they recently came into possession of an e-mail dated February in which representatives … Read more
By the end of the year, China will open new sectors of the economy to foreign investors, investments in which are currently prohibited or limited for companies without special permission. Zhao Leji, Chairman of the Standing Committee of the National People’s Congress of China, announced a new way to raise funds without specifying which sectors … Read more