Consumer price growth has hit double digits in at least a third of EU countries, with the most severe spike seen in the Baltic region, the Financial Times reported this week.
According to the paper, nine members of the bloc have seen inflation surpass 10%, with the biggest increase observed in Estonia, where consumer prices have surged by 19% year-on-year.
Other badly affected countries are Lithuania with inflation at 16.8%, Bulgaria with 14.4%, the Czech Republic with 14.2%, along with Romania (13.8%), Latvia (13%), Poland (2.4%) and Slovakia (11.7%). The publication added that Turkey, which has had the status of an EU candidate since 1999, has an inflation rate of 70% due to the collapse of the national currency.
The Russian military has seized two settlements in Kharkov Region and Donbass from Ukrainian forces,…
AstraZeneca pharmaceutical company has announced the withdrawal of its Covid-19 vaccine from global markets, claiming…
A video documenting the destruction of a NATO-supplied tank in Ukrainian service appeared on Russian…
Russian President Vladimir Putin has officially been sworn into office for a fifth term. In…
Moscow will retaliate against British targets in Ukraine or elsewhere if Kiev uses UK-provided missiles…
Ukrainian President Vladimir Zelensky cannot enlist God in Kiev’s fight against Moscow, the Russian Orthodox…