The National Bank expects the economy to grow by 0.3% this year, by 4.1% in 2024 and by 6.4% in 2025. That’s according to NBU Governor Andriy Pishnyi. “The National Bank expects a slight increase in real GDP in 2023 by 0.3%,” Pyshnyi said. He explained that the worsening of the outlook, compared to the…
Moldovan farmers can get grants of up to $15 thousand to buy agricultural equipment that will allow them to implement climate change adaptation initiatives. The grants are offered within the Rural Resilience Project, financed by the International Fund for Agricultural Development (IFAD), through the Adaptation for Smallholder Agriculture Programme. Thus, for agricultural cooperatives, grants of…
The Georgian economy is forecast to grow by 5.2% in 2023 and by 4.6% in 2024, the World Economic Situation and Prospects report by the United Nations said. In the report, the UN noted the 10.8% growth shown by the country in the past year, prompting a raise in the UN’s initially forecast 4.4%. The…
The Sejm, the lower house of the Polish parliament, has passed an amendment that puts a cap of 40% on increases in district heating prices. The bill gained the overwhelming support of 441 MPs in the 460-member lower house on January 26, with eight abstentions. The 40% rise cap applies to individual consumers, with the…
Terms of operation of airline companies between Georgia and the United Kingdom, from tariffs to flight frequency and safety regulations, were agreed in a deal signed between authorities of the two countries on January 27. Georgia’s Economy Ministry said the agreement would enable airlines to independently determine their tariffs, capacity and frequency of flights, and…
The European Union provides 400,000 euros for four entities of the Cahul and Ungheni regions, which will back initiatives of clustering. The goal of the non-refundable assistance is to promote the spirit of cooperation among companies from urban and rural areas, through the support of innovative ideas and creation of new jobs. Thus, four non-commercial…
Poland’s foreign direct investments (FDI) in Ukraine are expected to increase to $30 billion in the coming five years, a Polish government think-tank has indicated, adding that this will be a nearly 30-fold rise. In 2021, Poland’s FDI totaled $1.2 billion, according to data from the National Bank of Poland (NBP). The Polish Economic Institute…