Poland: CPI up in February 2023

Prices of consumer goods and services (Consumer Price Index, CPI) increased by 18.4% YoY and by 1.2% MoM in February, the Central Statistical Office (GUS) reported on March 15. Economists polled by PAP Business estimated that February’s CPI would reach 18.7% YoY and would decrease by 0.9% MM. In January, the prices of consumer goods…

Moldova: government supports amendment of law on authorization of construction works

The government supports the legislative initiative on amending the law on authorization of construction works, the government’s communication and protocol department has reported. Thus, the ceiling of payments established annually by the decision of the local Council when issuing the urban planning certificate for design or the informative urban planning certificate and the construction/dissolution authorization…

Poland: further rate hikes rather unlikely

Adam Glapinski, governor of the National Bank of Poland (NBP), has assessed that amid inflation forecasts it has become unlikely that the Monetary Policy Council (RPP), NBP’s rate-setting body, will increase interest rates. “Taking into account the results of the inflation projection, one might say that further hikes are becoming increasingly less likely,” Glapinski wrote…

Georgia: inflation to decrease in case of no shocks

The downward trend of inflation in the Georgian economy will continue in case of absence of further shocks, Archil Mestvirishvili, the Vice President of the National Bank of Georgia, has said. Mestvirishvili said the domestic economy passed the peak of inflation in 2021, noting expectations were influenced by exchange rate and inflation dynamics. “Higher salary…

Moldova: list of compensated medicines to be extended

The insured patients who suffer from high blood pressure will benefit from the compensated medicine with the international denomination, nebivololum from April 1. According to the Health Ministry, the decision on extending the therapeutic indications for the nebivololum preparation belongs to the council for medicines compensated from the Mandatory Health Insurances Accounts (FAOAM). Thus, the…