Economy

Some time ago, the Lithuanian Ministry of Energy issued recommendations for the public sector, households, and businesses on how to save energy. The recommendation was to disconnect hot water in administrative premises and reduce heating to 19 degrees and cooling to 27 degrees. They also advised public officials to work from home.

The Liberalni Institute calculated that with an average wage of CZK 40,086, the total cost per employee is 63% higher, i.e. CZK 65,376. This is the second year of the Cost of an Employee project, which the Liberalni Institut publishes in cooperation with the Slovak think tank INESS and the German FNF Foundation. The aim of the project is to calculate the total cost of a job for different types of employees.

In an interview with Seznam Zprávy, the head of Madeta (a Czech dairy company) Milan Teplý stated several facts that contradict basic financial knowledge. He began the interview by saying that Madeta will be profitable this year. However, he immediately added: \"It\'s a sin to be in profit, we won\'t get subsidies.\" We do not understand this. Why should a company that is making profit seek subsidies and ask the state for support?

Along with the increase of inflation in Poland and in the whole world, the discussion about its causes intensifies. There are many voices that the main reason is an external supply shock - the prices of energy and food. It is useful, in the analysis, to distinguish within CPI inflation, a core inflation and the rest of it. Core inflation is an inflation rate that is devoid of the most unstable components such as food and energy prices.

The true budget deficit at the end of 2023 will amount to over 206 billion PLN. The budget debate taking place in Sejm is based on the draft budget, which does not show the full picture of state\'s expenditures and revenues. Pursuant to the Public Finance Act, the management of public funds is open and transparent.

While the state does need to find new revenues, there will not be any substantive debate on taxation over the next four months, new Finance Minister Annely Akkermann (Reform) says.

Estonian Minister of Defense Hanno Pevkur (Reform) is on an official visit to the United States, and will meet with Secretary of Defense Lloyd Austin while in Washington.

The talks over the National Recovery Plan were to begin in February. Since then, the European Commission set particular conditions on which the assets would be transferred to Poland, mainly linked with the improvement of the deteriorating situation regarding rule of law in the country.

The current energy crisis is a huge lesson for the Green Deal. Ambitious goals, boldly planned in a period of cheap and available energy, are much more difficult and expensive to achieve in a period of scarcity and uncertainty.

In this article we look at the connection between industrial and consumer prices in Bulgaria in an attempt to determine to what extent the industrial price index can be used to forecast the future dynamics of consumer inflation.