The Ukrainian Energy Ministry has handed over another power equipment shipment, totaling about 10 tons in weight, to Ukrhydroenerho PJSC. The relevant statement was made by the Ukrainian Energy Ministry. In particular, the shipment included generators and disconnectors provided by Japan, the Netherlands and the Republic of Korea in humanitarian aid to Ukraine. “We thank…
Global ratings agency Fitch has downgraded Poland’s GDP growth forecast for this year to 0.7% from 1.1% expected earlier. In its latest forecast, published on March 13, Fitch maintained its earlier prediction of a 2.6% economic growth in 2024. “With the energy crisis in Europe less severe than expected and energy commodity prices falling significantly,…
Poland’s competition watchdog, UOKiK, imposed a fine of over PLN 5.7 million (EUR 1.22 million) on the Polish subsidiary of German bank Deutsche Bank for damaging the collective interests of consumers, UOKiK announced on March 13. “Unacceptable unilateral changes to abusive contract provisions – in short defines the practice for which Deutsche Bank Polska has…
The Ministry of Agriculture and Food Industry (MAIA) has announced the launch of the call for applications for advance subsidy requests for investment projects on land improvement works and soil protection. Applications can be submitted until April 21. Landholders can obtain support from the state for the following measures: preventing and combating soil erosion; chemical…
Georgian external trade turnover amounted to $2.89 billion in January-February, up by 12.3% YoY, the Georgian National Statistics Office revealed on March 13. The value of exports rose by 20.3% and equalled $914.7 million, while imports grew by 9%, amounting to $1.98 billion in the reporting period. Trade deficit, a measure of the negative balance…
Latvia’s defense spending in 2023 will rise proportionately almost to Estonian levels, and will be set at 2.25% of Gross Domestic Product. The 2.25% figure represents a major advance on the figure of 1% of GDP, which Latvia spent on defense in 2014, and reflects both the changed security situation and the stance taken by…
The intensification of Moldovan-Polish bilateral cooperation in the commercial-economic sector and supporting the country’s European path were the main topics of discussion between Prime Minister Dorin Recean and Polish Ambassador to Chisinau Tomasz Michal Kobzdej, the government’s communication and protocol department reported. Dorin Recean welcomed the consistent support of Warsaw authorities for the country’s European…