Losses caused by extreme heat hitting Warsaw could double within 50 years, a report by the Polish Economic Institute (PIE) has claimed. The PIE report, entitled “The impact of climate change on the Polish economy on the example of selected provincial cities”, analysed the effects of a heat wave that hit Warsaw in 2015 and…
In late September and early October, the number of cash registers installed by entrepreneurs increased significantly, Danylo Hetmantsev, the chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy, announced. “We have not yet seen the first results (of inspections of the procedure for conducting settlement operations, which started on October 1), but…
Ukraine’s Internal Affairs Ministry is making efforts to restore the operation of international companies that have left the Ukrainian market since the Russian full-scale invasion started. The relevant statement was made by Ukrainian Foreign Affairs Minister Dmytro Kuleba. In his words, this refers to “all core brands”, such as IKEA, H&M and Zara. “The more…
Moldova will access preferential loans and grants for the implementation of energy efficiency projects and filling of the gas stocks. Energy Minister Victor Parlicov on October 17 signed agreements to this effect on the sidelines of the fourth meeting of the Moldova Support Platform. Thus, Victor Parlicov signed a memorandum of understanding with the French…
Bulgaria retains its second place in the EU among the countries with the lowest debt, according to the latest official data from Eurostat from July. This was announced by the Ministry of Finance (MoF). At the end of the first quarter, the general government debt-to-GDP ratio stood at 22.5%, with only Estonia having a lower…
BNP Paribas, Poland’s sixth largest bank by assets, is planning group redundancies covering up to 900 employees, the bank has said in a statement. The redundancies will be carried out in 2024-2026. “The Board of Directors of BNP Paribas, in connection with the ongoing measures to improve operational and cost efficiency has decided to continue…
The Council of Europe Development Bank (CEB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the World Bank have agreed to harmonize procurement practices for public sector investment financed by the multilateral development banks (MDBs) in Ukraine. “Reconstruction needs for Ukraine will be huge. The cost of reconstruction following…