Moldova received a direct budgetary support worth $30 million from the United States through the U.S. Agency for International Development (USAID) in the last days of 2022. According to the presidential press service, the funds will be used for overcoming the energy crisis, including for compensating the invoices for the Moldovan citizens and helping economic…
Polish retail sales went up by 5.7% YoY in November 2022 after a 7.5% increase in October 2022, Eurostat, the EU’s statistics agency, reported. Month on month, retail sales went up by 2.6% MoM, the agency also said. Retail sales in the eurozone fell by 2.8% YoY in November 2022 after a 2.6% decline a…
EU member states must decide together what to do with Russian assets that have been frozen under sanctions, according to Lithuanian Interior Minister Agne Bilotaite. Her comment comes after Estonia gas recently suggested that it might seize the frozen funds and use them for Ukraine’s reconstruction, as the European Commission is not making any progress…
Adopting the euro in Poland would be deeply harmful and result in a “radical drop” in the rate of GDP growth, the head of the National Bank of Poland (NBP) warned on January 6. Adam Glapinski went on to say that making the euro Poland’s currency would benefit “the richest, who invest abroad, have property…
The Regional Development Agency (ADR) Nord turned to good account in the past year about 165 million lei (8.25 million euros) for the implementation of 15 infrastructure projects and five soft projects in the North Development Region. According to ADR Nord, of the total amount of investments registered last year, about 94 million lei were…
Poland will experience a strong economic slump in 2023, the head of the country’s central bank has said. Adam Glapinski told a press conference on January 5 that the slowdown would bring both a decrease in economic growth and falling inflation. He added that the current 6.75% interest rate level was “adequate for the situation”,…
Construction costs across Georgia have increased following boosts in salaries of employees in the sector, the latest figures released by the National Statistics Office show. In its latest updates on the Construction Cost Index – which measures the average price level of construction materials and services used for the construction of residential, non-residential and civil…