Ukraine needs financial and military support in order to prevent the government in Kyiv from resorting to printing money to keep the economy afloat, Beata Javorcik, the chief economist of the European Bank for Reconstruction and Development (EBRD), has said in Davos. She noted that Ukraine’s economic situation was challenging, despite growth of just short…
The Ministry of Agriculture and Food Industry (MAIA) requested an additional grant of 50 million lei (2.5 million euros) for certain categories of farmers. The request came after the ministry completed the process of analyzing data previously requested from district agricultural directorates on farmers who sowed corn and were affected by the summer 2023 drought.…
Estonia, along with Latvia and Lithuania, continues to have the highest loan interest rates in the eurozone, surpassing the average for that region by several percentage points. European Central Bank (ECB) statistics showed that the average interest rate on newly issued home loans in the eurozone stood at 4.1% as of the end of November…
Bulgaria is set to witness wages outpacing inflation at a two-to-one ratio in 2024, according to Allianz Trade’s latest report. Anticipating a 9% growth in wages compared to an expected 4% inflation, the report indicates a slowdown from the 13.5% wage growth projected for 2023. Despite this deceleration, wages are poised to comfortably surpass rising…
Close to 18.5 million passengers were serviced at the Polish capital city’s Chopin Airport last year, compared to 14.4 million travellers in 2022, the airport announced. The airport, in a press release published on January 16, reported that it handled 18,499,527 passengers in 2023, up by 28% YoY. The report added that, also in 2023,…
Oleksandr Kubrakov, Deputy Prime Minister for Restoration, Minister for Communities, Territories and Infrastructure Development, held a conversation with Dariusz Klimczak, Minister of Infrastructure of Poland, on unblocking the border. The key topic of the talks was the signing of an agreement between the Ministry of Infrastructure of Poland and Polish protesters to open the border,…