Following the double-digit growth of the Georgian economy in the first eight months of the year, the World Bank has raised its 2022 economic growth forecast for the country from the previously projected 5.5% to 8.8%, the highest in the Europe and Central Asia region. The update comes in the institution’s update for the region,…
Poland’s inflation rate is likely to fall in 2023, a deputy finance minister has said. Artur Sobon said on October 5 that the 2023 budget was based on an average annual CPI (Consumer Price Index) assumption of nearly 10% but “forecasting is extremely difficult in these conditions”. He said that some factors, such as an…
Georgian Prime Minister Irakli Garibashvili said the public employment programme for the country’s socially vulnerable individuals, proposed by him late last year, had given jobs to 25,000 people since March. Speaking to the media, the head of the government said the figure was still “not enough”, and that “better communication” was required to better promote…
The United States’ total military assistance to Lithuania will increase to $141 million in 2022 after the US Congress approved an additional funding package, the American Embassy in Vilnius said on October 4. The funding is part of a $2.2-billion aid package to help Ukraine and 17 other countries that have made significant contributions to…
The head of the National Bank of Ukraine, Kyrylo Shevchenko, has submitted a resignation letter. The top banker announced his move on his Facebook page. “Dear friends, due to the health-related issues that cannot be ignored any longer, I have made a difficult decision. I am resigning from my position as the NBU Governor,” the…
In January-September, the government borrowings to Ukraine’s state budget general fund came to UAH 749 billion, the Finance Ministry reported. “In January-September, the actual government borrowings to the general fund of the state budget reached UAH 749 billion, or 87% of the target plan,” the report states. A total of UAH 475.6 billion, including UAH…
Poland’s GDP should rise by 1.6% in 2023 after a 4% growth in 2022 and against a 3.6% forecast earlier, the World Bank has said in a report. “Poland’s economic growth is expected to slow down in 2023 more markedly than initially expected because the continuing war in Ukraine has dimmed prospects of a post-pandemic…