Germany has provided EUR 56 million to Ukraine for the repair of its energy infrastructure. German Chancellor Olaf Scholz said this in a phone call with Ukrainian President Volodymyr Zelensky, federal government spokesman Steffen Hebestreit reported. On November 29, Chancellor Scholz called President Zelensky to exchange views on the political, military and humanitarian situation in…
Ratings agency Standard and Poor’s (S&P) has downgraded Poland’s economic growth forecast to 0.9% in 2023 from 1.2% forecast in September. At the same time, S&P predicts that Poland’s economic growth will accelerate to 3.2% in 2024. “Our baseline assumption is weak but still a positive GDP growth of 0.9% in 2023 versus our previous…
A non-refundable budgetary support worth 40 million euros on behalf of Germany has been disbursed on the account of the Finance Ministry. This financial support will back state programmes to compensate the increase in the costs of energy for the vulnerable groups. According to the Finance Ministry, the financial means will support Moldova in implementing…
Lithuania’s economy minister says “it’s impossible to completely eliminate China” and believes relations with the country “will recover” following current tensions over the Taiwanese representative office in Vilnius. “It’s impossible to completely eliminate China in a global world where all our value chains are intertwined. Despite being a communist country, it has invested heavily in…
Poland’s Gross Domestic Product (GDP) increased by 3.6% YoY in the third quarter of 2022, the Central Statistical Office (GUS) said on November 30. The figure is slightly higher than the previous flash estimate in which GUS said that in Q3 GDP growth would be at 3.5%. In Q2, the country’s GDP rose by 5.8%,…
The Georgian economy grew by 10% YoY in January-October with the real gross domestic product growth showing an 8.3% increase over the previous year, the latest data from the national statistics office showed. Areas including construction, transport and warehousing, financial and insurance activities and mining industry made a “significant contribution” to the growth, the body…
Poland’s inflation rate is expected to slow down in March 2023, the Polish Economic Institute (PIE), a government think-tank, has said commenting on the latest figures from the Central Statistical Office (GUS). GUS reported on November 30 that the Polish consumer price index (CPI) increased by 17.4% YoY in November on a 0.7% MoM increase.…