Poland: Acron’s shares in Azoty Group seized

Poland has introduced mandatory administration over a 20% stake in local chemical company Azoty Group that Russian fertilizer producer Acron owns with the aim of their further withdrawal, Economic Development and Technology Minister Waldemar Buda told reporters July 11. “A decision to introduce mandatory management of the shares of the companies, whose owner, participant and…

Ukraine: quota of permits for international freight transportation for 2024 approved with Azerbaijan

Ukraine and Azerbaijan agreed on the quota of permits for international freight transportation for 2024. According to the Ministry for Communities, Territories and Infrastructure Development, the decision was approved at a meeting of the Ukrainian-Azerbaijani Joint Commission on International Road Transport. Ukraine and Azerbaijan have agreed to increase universal permits by 88% for each country…

Poland: rate cutting to start in September 2023

Poland’s Monetary Policy Council (MPC) decided to formally end the tightening cycle, with interest rates cuts possible in September once conditions were met, Adam Glapinski, the governor of the National Bank of Poland (NBP), said. Glapinski held a press conference a day after the MPC decided to keep the rates unchanged for the tenth time…