The Moody’s international financial assessment agency has improved Moldova’s perspective from “negative” to “stable” and confirmed the long-term ranking at B3. “This news is important, as these rankings are used by big foreign investors to assess their entrance into a country. An improvement of the perspective helps the economic reputation of Moldova a lot,” MP…
Poland’s industrial output fell by 2.7% YoY in July, the Central Statistical Office (GUS) reported on August 21. Month on month, industrial output fell by 8.5%. Economists polled by PAP expected July’s industrial production to fall by 0.8% YoY and to increase by 6.6% MoM. Manufacturing prices fell by 1.7% YoY in July and by…
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.…