Georgia: businesses turnover up in 2021

The turnover received by the Georgian business sector increased by 31.5% YoY and amounted to GEL 150.4 billion (about $53.25 billion) in 2021, the latest data published by the National Statistic Office of Georgia showed. The value of production generated by the business sector increased by 24.6% and amounted to GEL 57.6 billion (about $20.39…

Poland: manufacturing PMI up in September 2022

Poland’s Purchasing Managers’ Index (PMI) rose to 43.0 points in September 2022 from 40.9 points in August, economic researcher S&P Global reported on October 3. Economists polled by PAP predicted the PMI would reach 40.1 points in September. Both manufacturing and new orders contracted in September amid inflation pressure, while business sentiment remained low. Polish…

Poland: firms to start cutting employment costs

Polish companies will start to reduce employment costs when they are no longer able to pass rising costs on to consumers, an economist from business lobby Lewiatan has warned. Poland’s Purchasing Managers’ Index (PMI) rose to 43.0 points in September 2022 from 40.9 points in August, economic researcher S&P Global reported on October 3. In…