Infrastructure damaged by heavy precipitation and floods in the northwestern Georgia’s Samegrelo-Zemo Svaneti region in January will be repaired in an effort involving a budget of GEL 130,000 ($49,913), the office of the regional State Representative said on March 2. The body said the efforts in Tsalenjikha municipality would include repairs to a collapsed section…
The high level of core inflation in Poland rules out the possibility of interest rates being cut this year, analysts at a government think tank, the Polish Economic Institute (PIE), have said. “The long period of high inflation also affects the activities of the NBP (National Bank of Poland),” PIE wrote. “We estimate that core…
The monetary base in Azerbaijan amounted to 17.2 billion manats ($10.1 billion) as of February 28, which was 23.69% or 3.3 billion manats ($1.9 billion) more than in the same period of 2022, the Central Bank reported. According to the bank, the monetary base increased by 2.15% or 363.8 million manats ($214 million) compared to…
Ukrainian miltech startups continue to pitch business ideas in a joint YouTube project of the Ministry of Digital Transformation and the Innovation Development Fund, the Cabinet of Startups of Ukraine. In a new episode, three more startups presented their developments to Deputy Prime Minister – Minister of Digital Transformation Mykhailo Fedorov and co-founder and managing…
On February 27, the first e-auctions for the sale of amber were held on the Prozorro.Sale platform, which brought the organizers a total of UAH 1 million, state enterprise Prozorro.Sale said in a Facebook post. “Today the first online auctions for the sale of amber through the Prozorro.Sale system were held. Following the results, the…
Finance Ministry’s representatives reported the progress made in the process of implementation of the Association Agreement, as well as about the institution’s priorities at the parliament’s commission for economy, budget and finances. According to the report unveiled, 60% of the European Union’s directives have been fully implemented and 8% have been partially transposed. Attending the…
Polish economic growth will decelerate this year to 1%, slightly above market expectations, economists from ING have said. The bank’s experts issued a statement on March 1 in response to the publication of a new report from S&P Global with data on Poland’s manufacturing sector purchasing managers’ index (PMI). The report showed that the index…