The Cabinet of Ministers of Ukraine has established an interdepartmental group, which will expedite the review of all these control and regulatory instruments, Prime Minister of Ukraine has announced during a Government session. “Now in Ukraine there are almost 1,000 instruments of state regulation for business. 528 permits, 224 licenses, 157 consents and dozens of…
Poland’s rate-setting Monetary Policy Council (RPP) is unlikely to increase interest rates again, as the hikes so far have had sufficient effect, an RPP member has said. But Gabriela Maslowska added that a further increase could not be ruled out. In a recent hiking cycle, the RPP raised interest rates 11 times but suspended rate…
Until 2024, 26 regional development projects are to be carried out in Moldova amounting to 1,436.4 million lei (about 72 million euros) and 152 local development projects worth 1,039.3 million lei. Ana Mardare, state secretary of the Ministry of Infrastructure and Regional Development (MIDR), made the statement at a meeting to evaluate the prospects for…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 16.6% YoY and by 0.1% MoM in December 2022, the Central Statistical Office (GUS) reported on January 13. In a flash estimate, GUS said that December 2022 CPI would reach 16.6% YoY and 0.2% MoM. In November 2022, the prices of consumer goods…
Indorama Corporation, a leading Asian chemical company based in Singapore, has bought the Georgia-based Rustavi Azot plant, one of the largest suppliers of mineral fertilisers and industrial chemicals in the South Caucasus region. The Georgian Economy Ministry announced the deal on January 13, and said it followed the corporation’s exploration of the Georgian investment climate…
Lithuania should carry out an audit of its pension reform launched five years ago and evaluate the results before considering any changes to the system, President Gitanas Nauseda said. The president’s comment comes amid public outrage over the automatic inclusion of people into the additional pension accumulation system. Nauseda noted that the Lithuanian pension system…
Decrease of inflation to 16.6% in December 2022 was mainly due to the effect of lower heating costs, Jakub Rybacki from the Polish Economic Institute (PIE) said. As announced on January 13 by the Central Statistical Office (GUS), inflation in December 2022 amounted to 16.6% YoY. A month earlier, it stood at 17.5%. According to…