Consumer inflation in Ukraine in June reached 20.1% in annual terms, up from 18% in May, the National Bank of Ukraine said in its macroeconomic and monetary review for July. According to the report, major factors behind growing inflationary pressure are global trends, including high energy prices, and internal factors, primarily those related to the…
DCT Gdansk, the operator of the largest container terminal complex on the Baltic Sea, has signed a contract for the construction of the third deep-water terminal known as T3. The contract is signed with a consortium of Budimex S.A. and Dredging International NV. The works are to start in September, after the end of the…
Compared to June 2021, the average level of consumer prices increased by 19.3% in June. The average level of consumer prices was mainly influenced by the rise in prices of goods and services related to housing, food and non-alcoholic beverages, goods and services related to transport, restaurant and hotel services, within the miscellaneous goods and…
Ukrainians in Poland will not take jobs away from Poles and could be a welcome addition to the domestic labour market, the family and social policy minister has said. Marlena Malag said Ukrainians were not a threat to the Polish labour market and could actually help stabilise the economy. She noted that around 300,000 Ukrainians,…
Food safety and transfer of modern technology and knowledge to farmers in Georgia were discussed by Agriculture Minister Otar Shamugia and United States officials in Washington. During his visit to the capital, Shamugia held meetings with Cary Fowler, the US Department of State’s Special Envoy for Global Food Security, and Jewel Bronaugh, the US Deputy…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, increased the reference interest rate by 50 basis points, to 6.50% on July 7. The National Bank of Poland’s lombard rate was raised from 6.50% to 7.00%, the rediscount rate from 6.05% to 6.55% and the discount rate from 6.10% to 6.60%. At the…
A nuclear power plant could be on-line and functioning in northeastern Estonia a decade from now, according to one private sector nuclear energy firm. The plant would likely be the new small nuclear reactors (SMR) type, which are currently under development in other parts of the world – none are as yet on-line. While the…