Ukraine: Kyiv and four regions avoid power cuts

Kyiv, Odesa, Dnipropetrovsk, Zakarpattia regions and the city of Kyiv avoided power cuts on February 13, DTEK, Ukraine’s largest energy company, said in a Telegram post. “Ukrenergo has not imposed restrictions on electricity consumption. This allows us not to introduce power cuts in Kyiv, Odesa, Dnipropetrovsk regions and the city of Kyiv tomorrow,” the report…

Georgia: external trade up in January 2023

Georgian external trade turnover amounted to $1.46 billion in January, posting a 29.1% increase year-on-year, the Georgian National Statistics Office revealed on February 13. The value of exports rose by 38.5% and equaled $459 million, while imports grew by 25.2%, amounting to $1 billion. Trade deficit, a measure of the negative balance of trade in…

Poland: C/A deficit down in December 2022

Poland’s current account deficit fell to EUR 2.53 billion at the end of December 2022, against a deficit of EUR 313 million recorded at the end of November 2022, according to central bank figures released on February 13. Market analysts expected the deficit to amount to EUR 1.51 billion. Poland recorded a EUR 2.72-billion deficit…

Poland: EC lowers GDP growth forecast for 2023

The European Commission (EC) has downgraded predicted Polish GDP growth in 2023 from 0.7% to 0.4%. “Elevated inflation and low consumer and business confidence are expected to keep weighing on economic growth in the coming quarters,” the EC wrote on February 13 in its Winter 2023 Economic Forecast. “In particular, declining real incomes amid an…