Poland’s rate-setting body has argued that the 11 interest hikes it has carried out so far should be enough to bring down the consumer price index (CPI) amid weakening global sentiment and inflation falling across major countries. The Monetary Policy Council (RPP) left rates unchanged for the fourth time running on January 4 following 11…
At the end of 2022, the US Congress confirmed funding of $225 million towards their Baltic Security Initiative for the fiscal year of 2023, as confirmed by Latvia’s Ministry of Defence. All this funding will be diverted towards development of all three Baltic States’ military capabilities. In the fiscal year of 2022 the Baltic Security…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 16.6% YoY and by 0.2% MoM in December 2022, the Central Statistical Office (GUS) reported on January 5. Economists polled by PAP Business estimated that December 2022 CPI would reach 17.3% YoY and 0.8% MoM. In November 2022, the prices of consumer goods…
With the European Central Bank raising interest rates, the real estate market is expected to cool down. However, it may take some time before properties in Lithuania become more affordable, analysts say. Real estate prices have been rising steadily and quite steeply over the last couple of years, with buyers snatching every property on the…
Inflation in Poland, which hit 16.6% in December 2022, will remain at the double-digit level for the first three quarters of 2023, an economic think-tank has forecast. Prices of consumer goods and services increased by 16.6% YoY in December 2022, the Central Statistical Office (GUS) reported on January 5. The reading is lower than economists…
The minimum size of the guaranteed share of the construction of objects to be built in the future will be 10% of the total area for Kyiv, Dnipro, Lviv, Odesa and Kharkiv, 5% – for all other settlements of the country. In accordance with the legislation, this share will be pledged by the state, that…
The topmost priority on the agenda of the Government in 2023 is the support of the army, maintaining defense and security, announced Prime Minister Denys Shmyhal at a session of the Government on January 3. “This year, we will allocate half of the budget to provide everything our Armed Forces need. All taxes paid by…