Global rating agency Standard and Poor’s (S&P) has raised Poland’s economic growth forecast to 1.1% in 2023 from 0.9% expected earlier. At the same time, S&P cut its forecast for 2024 by 0.2%, to 3.2%, the company stated in a report published on June 26. According to the agency, after 2023, economic growth in Poland,…
The Government has adopted Resolution No. 631 “On approval of the budget of the Pension Fund of Ukraine for 2023”. The budget revenues of the Pension Fund of Ukraine are set at UAH 768.9 billion, including: – UAH 451.1 billion – own revenues; – UAH 27.7 billion – funds from mandatory state social insurance; –…
Since the launch of the State Programme Affordable Loans 5-7-9%, business entities have received 64,485 loans from authorised banks totalling UAH 208.75 billion, of which 42,964 from public sector banks totalling UAH 91.3 billion (as of June 26). Over the past week, 361 soft loans totalling UAH 1.7 billion were issued under the programme, including…
The National Bank of Moldova (BNM) has decided to cap the interbank fees charged for payment card transactions. Thus, the commissions will be reduced, in three stages over two years, from 1.6% and 2.5%, as it is now, to 0.5-0.6%. According to the BNM, the action will directly lead to a decrease in the costs…
The Polish government would extend the zero-VAT rate on some foodstuffs until the end of 2023, the prime minister announced on June 26. Under current regulations, the zero-VAT rate on some staple foods, such as vegetables and dairy products, which was introduced on February 1, 2022, was due to expire at the end of June.…
At the Ukraine Recovery Conference in London, countries and organizations pledged about $60 billion in aid to support the reconstruction of Ukraine, Prime Minister of Ukraine Denys Shmyhal wrote on Facebook. “Last week, was marked by the Ukraine Recovery Conference in London, where Ukraine received practical results that strengthen our resilience and accelerate reconstruction. Financial…
The European Union, through the Connecting Europe Facility (CEF), will allocate funds to Ukrzaliznytsia JSC to develop border crossings with the Republic of Poland, Romania, the Slovak Republic and Hungary, Yevhen Lyashchenko, the chairman of the board of UZ, has announced. “Ukraine is actively working to integrate its railway infrastructure into the EU. We have…