Georgian Economy Minister Levan Davitashvili said domestic inflation had passed its peak and the country’s authorities succeeded in stabilising it at 9.4% at the end of last year, noting he expected a further reduction of prices on basic consumer products and fuel in figures this month. Davitashvili said it was important to “ensure a competitive…
This January, the inflation rate dropped to 27.3%. In the coming period, it will continue to decrease, with average annual inflation forecast at 13.7% in 2023 and 5.5% in 2024. The data were presented by governor of the National Bank of Moldova (BNM) Octavian Armasu. “Inflation reached its maximum level in October 2022, being 34.6%.…
The latest GDP data show that Poland may see a “soft landing” and avoid a recession, the Finance Ministry has said. Poland’s Gross Domestic Product (GDP) increased by 2% YoY in the fourth quarter of 2022, the Central Statistical Office (GUS) reported in a flash estimate. Poland’s economy expanded by 3.6% YoY in the third…
According to the Minister of Energy of Ukraine German Galushchenko, on February 15, electricity generation continued to meet the demand. “All 9 nuclear power units are in operation, providing more than half of the electricity generated in Ukraine. Favorable weather conditions this winter allow hydropower generation to operate efficiently, and the volume of electricity generation…
The Government has adopted a resolution that will speed up and simplify the import of military goods to the maximum extent possible. In particular, the import of UAVs and components to the territory of Ukraine. This will allow the defenders to receive and use technology at the front more quickly. The document was developed jointly…
The Air Moldova air operator has notified the Civil Aviation Authority (ACC) about the cancellation of more regular flights on February 28 – March 23. According to AAC, these are flights to and from Italy, Georgia, Poland, United Kingdom, Turkey, Germany and Ireland. Air Moldova did not inform about the reason for the flights’ cancellation.…
Poland’s Gross Domestic Product (GDP) increased by 2% YoY in the fourth quarter of 2022, the Central Statistical Office (GUS) reported in a flash estimate on February 14. Quarter on quarter, the GDP shrank by 2.4%. Poland’s economy expanded by 3.6% YoY in the third quarter of 2022 after a 5.8% growth in the second…