The European Bank for Reconstruction and Development expects the economic growth in Georgia to moderate to 5% in 2023 and 5.3% in 2024. The Bank’s Regional Economic Prospects forecast, published on May 16, said growth prospects remained “clouded by high geopolitical risks”, but a “potential start of the EU accession process in the coming years…
The inflation is on a firm downward trend in Moldova, dropping from 34.6% in November 2022 to 18.1% in late April. The information was presented by Governor of the National Bank of Moldova (BNM) Octavian Armasu, who made public the inflation report. “This is the result of the monitory policy measures of BNM, which allowed…
Poland’s current account surplus rose to EUR 1.64 billion at the end of March, against a surplus of EUR 1.41 billion recorded at the end of February, according to central bank figures released on May 15. Market analysts surveyed by PAP offered median forecast for a EUR 2.13-billion surplus. Poland recorded a EUR 608-million surplus…
The National Bank of Ukraine (NBU) sold $552.2 million on the interbank foreign exchange market over the past week. These are the results of currency interventions published on the central bank’s website. Between May 8 and May 12, the National Bank sold $552.2 million and purchased $16.47 million on the interbank foreign exchange market. Since…
Following negotiations with the Polish Ministry of Infrastructure and the leadership of the Lublin Voivodeship, the traffic at the Yahodyn-Dorohusk border crossing point was unblocked. On May 15, truck traffic resumed as usual. “The 10-day strike caused significant losses for our carriers and exporters. However, we managed to find a solution and agree to unblock…
The government provided compensations for energy worth 3.4 billion lei (about 170 million euros) in the cold season, Labour and Social Protection Minister Alexei Buzu reported. According to the official, 763,000 out of the households registered in the information system received a high degree of vulnerability (about 80%). “The sum of the compensations provided varied…
Georgian external trade turnover amounted to $6.49 billion in January-April, up by 21.9% YoY, the Georgian National Statistics Office revealed on May 15. The value of exports rose by 23.5% and equalled $1.96 billion, while imports grew by 21.2%, amounting to $4.53 billion in the first four months of 2023. Trade deficit reached $2.57 billion,…