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…
Kyiv authorities have allocated more than UAH 1 billion to make preparations for the winter period and renovate the energy infrastructure objects damaged by Russian attacks. The relevant statement was made by Kyiv City State Administration Deputy Head Petro Panteleiev during a briefing. “Regarding preparations for the heating season, all necessary preventive maintenance works were…
Poland’s core inflation, excluding food and energy prices, measured 8.4% YoY in September, down from 10% recorded in August, Poland’s Central Bank announced in a statement. On a monthly basis, Poland’s core inflation settled at negative 0.1%, down from the positive 0.3% recorded in August, the bank also said. According to the latest data from…
The Customs Service collected over 725.9 million lei to the state budget on October 9-15. So far this year, the Customs Service has collected about 26.8 billion lei to the state budget (about 36.3 million euros), up by 2.9% YoY. The money collected from taxpayers is paid directly into the state budget and redistributed for…
A new drop in annual inflation is reported by the National Statistical Institute. Monthly inflation is -0.1%, and annual inflation is 6.3%. Inflation was measured by the Consumer Price Index (CPI), with monthly inflation for September compared to the previous month and annual inflation compared to the same month of the previous year. The largest…
Ukraine is finding it harder to secure financial support, as the attention of officials in key donor countries shifts to upcoming elections and geopolitical tensions heighten, Finance Minister Sergii Marchenko has said in an interview with Reuters. “I see a lot of tiredness, I see a lot of weakness among our partners, they would like…