Poland: trade up in Q1 2023

Poland booked a EUR 2.9-billion trade surplus in January-March, the Polish Economic Institute (PIE) said on May 18 citing data from the Central Statistical Office (GUS). PIE wrote that the surplus was partly due to a nearly 16% rise in export prices and an only 11% rise in import prices. The institute noted that export…

Ukraine: Ukroboronprom and Rheinmetall announce creation of joint venture

Ukroboronprom State Concern and Germany’s Rheinmetall concluded an agreement on strategic partnership through the creation of a joint venture. “Ukroboronprom State Concern and one of the global defense industry leaders – German company Rheinmetall – concluded a strategic partnership agreement. The goal is to strengthen the defense industry of Ukraine and its national security through…

Ukraine: overhead line in Kharkiv region restored

The enemy continues to terrorise the population of the frontline areas by shelling energy facilities. On May 16, one of the power transmission lines in Dnipropetrovsk region was disconnected as a result of hostilities. This led to technological disruptions and disconnections for more than 6,000 customers. An overhead power line in Donetsk region was disconnected…

Poland: GDP seen to grow in 2023

Poland’s GDP growth should average 0.6% in 2023, the Polish Economic Institute (PIE), a government-affiliated economic think-tank, reported on May 17. In a commentary to GDP growth data provided by the Central Statistical Office (GUS), PIE wrote that the growth rate was expected to pick up in the second half of the year, mainly owing…