Georgia: USAID allocates $220,000 grant to support financial market development

The United States Agency for International Development has allocated a grant of $220,000 for supporting financial market development in Georgia, the national bank of Georgia reports. The two-year programme aims to provide necessary financial support for the implementation of activities planned by the Georgian Financial Markets Treasuries Association to promote development of the domestic financial…

Ukraine: Germany gives EUR 56 million for repair of energy infrastructure

Germany has provided EUR 56 million to Ukraine for the repair of its energy infrastructure. German Chancellor Olaf Scholz said this in a phone call with Ukrainian President Volodymyr Zelensky, federal government spokesman Steffen Hebestreit reported. On November 29, Chancellor Scholz called President Zelensky to exchange views on the political, military and humanitarian situation in…

Poland: S&P lowers GDP growth forecast for 2023

Ratings agency Standard and Poor’s (S&P) has downgraded Poland’s economic growth forecast to 0.9% in 2023 from 1.2% forecast in September. At the same time, S&P predicts that Poland’s economic growth will accelerate to 3.2% in 2024. “Our baseline assumption is weak but still a positive GDP growth of 0.9% in 2023 versus our previous…