The Cabinet of Ministers of Ukraine has allocated UAH 350 million to the Ministry of Energy to support energy companies. Ukrainian Prime Minister Denys Shmyhal announced this on Telegram. “Today, we are allocating UAH 350 million to the Ministry of Energy to provide support to energy companies. These are funds to reduce the cost of…
The Bulgarian gas storage in Chiren is 90% filled with gas more than two months earlier than the deadline set by the EU to secure stocks for the winter. Data published on the platform of the non-governmental organization Gas Infrastructure Europe on August 18 showed that the target was reached on August 16, at the…
The interest rate on home loans reached its highest level in 14 years during the second quarter. The current interest rate of 5.12% is more than 3% higher than during the second quarter of last year. “The main driver of the rise in borrowing costs has been the European Central Bank’s monetary policy, which has…
Ukrainian Energy Minister German Galushchenko and U.S. Energy Secretary Jennifer Granholm have discussed Ukraine’s preparations for the new heating season. According to the statement, the two countries’ energy ministers met as part of the first ministerial meeting of the Net Zero World Initiative in Seattle. Both parties discussed the priorities of attracting international assistance to…
The number of officially registered unemployed people in Ukraine reached 112,300 as of August 1. Since the beginning of the year, the State Employment Service has helped almost 127,000 Ukrainians find jobs. This is evidenced by the data released by the State Employment Service. “As of August 1, 112,300 people had the status of unemployed.…
The World Bank will offer the Republic of Moldova a grant worth $88.4 million. The Parliament ratified on August 17 the multi-donor trust fund grant agreement between the Republic of Moldova and the International Bank for Reconstruction and Development and the International Development Association. Thus, the grant will be disbursed in a single installment and…
Poland’s Gross Domestic Product (GDP) decreased by 0.5% YoY in the second quarter of 2023, the Central Statistical Office (GUS) reported. Compared to the previous quarter, the economy fell by 3.7%, GUS said in a flash estimate. Poland’s economy contracted by 0.3% in the first quarter of 2023, after a 2.3% growth in the fourth…