The volume of railway freight going into the direction of Baltic States will continue decreasing. Even at an optimistic scenario – if the war in Ukraine ends and relations with Russia gradually improve, there is no way to come back to the freight volumes of the past, said Estonian businessman and millionaire Oleg Osinovsky. His…
The number of regular Polish savers who have decided to put aside even more money has increased by 20%, as inflation has reached levels last seen in Poland the 1990s, a survey has found. Prices of consumer goods and services increased by 17.2% YoY in January, according to the Central Statistical Office. About 38% of…
The tariff for thermal energy delivered by Termoelectrica will increase by 723 lei for 1 gigacalorie. The decision was taken on February 28 by the National Agency for Energy Regulation (ANRE). Thus, while until now consumers in the capital paid 2,854 lei for 1 gigacalorie, after the tariff change, the price would be 3,577 lei…
Poland’s Gross Domestic Product (GDP) increased by 2% YoY in the fourth quarter of 2022, the Central Statistical Office (GUS) reported on February 28, adding that this was in line with its earlier flash estimate. Poland’s economy expanded by 3.6% YoY in the third quarter of 2022, after a 5.8% growth in the second quarter…
Commercial banks in Georgia loaned GEL 44.47 billion ($16.9 billion) and received deposits of GEL 43.64 billion ($16.5 billion) in January, the latest data from the National Bank of Georgia showed. The volume of loans decreased by 0.71% MoM, while the number of deposits increased by 2.84%. Last month, the volume of term deposits increased…
A mission of the International Monetary Fund (IMF), led by Ruben Atoyan, on March 1-14 will hold discussions with Moldova’s authorities in Chisinau, in the context of the third assessment of the ECF-EFF programme, backed through the Extended Credit Facility (ECF) and Extended Fund Facility (EFF). According to the IMF Office in Moldova, the Fund’s…
Zaporizhzhia Nuclear Power Plant (NPP), seized by Russian invaders in March 2022, has been standing idle since September 2022. A total of 4,500 Ukrainian workers are remaining at the plant, where 11,000 people used to work in peacetime. The relevant statement was made by Energoatom National Nuclear Energy Generating Company of Ukraine President Petro Kotin.…