A member of Poland’s interest-rate setting Monetary Policy Council (MPC) has said she expects neither cuts nor increases in the rates at the moment. Gabriela Maslowska was speaking to Radio Lublin on January 12. Last year, the MPC lowered rates twice, in September and October, bringing down the central bank’s reference rate to 5.75%. “I…
For Baltic States and Eurozone in general the year 2024 will be yet another endurance year. Nevertheless, more rapid economic growth and reducing inflation will be observed, says the President of Eurogroup, which unites ministers of finance of Eurozone, Minister for Public Expenditure, National Development Plan and Reform in Ireland Paschal Donohoe. Eurogroup president, who…
In a comprehensive survey conducted by the Trend Research Centre between December 1 and 7, 2023, shedding light on the financial dynamics of Bulgarians, an astonishing 84% of respondents acknowledged relying exclusively on income derived from employment and/or pension. The survey, commissioned by the Finance Academy and encompassing 1,008 participants aged 18 and over, provides…
Electricity imports will allow large industrial enterprises to guarantee uninterrupted operation in the event of the introduction of electricity consumer restriction schedules due to a shortage of current in the power grid. This was stated by Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy, during an online meeting on energy issues…
There were 1,900 trucks in queues on the border of Ukraine and Poland, and the directions of three checkpoints were being blocked, the spokesperson for the State Border Guard Service, Andriy Demchenko said on January 11. “The blocking of the Rava-Ruska-Hrebenne, Krakivets-Korczowa and Yahodyn-Dorohusk checkpoints continues. According to the Polish border guards, as of this…
Income tax revenues from private people who leased real estate increased by 37.5% YoY in 2023 and amounted to 57.6 million lei (2.88 million euros). According to the data of the State Fiscal Service (SFS), in 2023, 24,763 real estate leasing contracts were registered, up by 16.6%. Following the voluntary compliance, 2,453 persons were identified…
As a consequence of the recent cold spell gripping Bulgaria, the nation experienced a notable shift in its energy dynamics, emerging as a net importer of electricity on January 9. Despite possessing ample capacity, Bulgaria’s electricity production struggles to compete in the market, leading to increased reliance on neighboring countries. This trend, observed on a…