Ukraine: Ministry of Finance and IFC discuss attraction of private investments in country recovery

Last week, Deputy Minister of Finance of Ukraine Olga Zykova met with IFC’s Country Manager for Ukraine and Moldova Lisa Kaestner. The parties discussed the mechanisms for attracting private investments in Ukraine’s recovery as well as the priority areas of cooperation. Olga Zykova thanked IFC for the joint work on the implementation of initiatives to…

Moldova: inflation down in August 2023

In August, average consumer prices decreased compared to the current July by about 0.1%, marking the further drop of the monthly inflation rate, recorded starting from June. The data were presented by the National Statistics Bureau (BNS) on September 11. Annual inflation in August, compared to August 2022, was 9.7%, down by 1.1% compared to…

Poland: GDP growth to slow down in 2023

Poland’s economy is predicted to grow by 0.5% in 2023 and by 2.7% in 2024, while headline inflation could hit 11.4% this year before easing to 6.1% next year, according to summer forecasts from the European Commission (EC). The new GDP growth forecast comes slightly below the EC’s May expectation of 0.7% for this year,…

Ukraine: PM names three components of economy

The Ukrainian economy is being shaped in three dimensions: the wartime economy, the recovery economy and the economy of the future. This was stated by Prime Minister Denys Shmyhal in a statement at the Yalta European Strategy in Kyiv. “The wartime economy is working. The recovery economy has been successfully launched and is gaining momentum.…