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…
Poland should avoid a recession in 2023, the governor of the National Bank of Poland (NBP) has said, citing the bank’s forecasts. Adam Glapinski said there might be temporary fluctuations in 2023, but not a recession. “Our projections indicate that we will not have a recession, that we may have some sort of swing in…
Vitas Vasiliauskas, a former chief of Lithuania’s central bank and currently an adviser to the prime minister, is joining the Executive Board of the International Monetary Fund (IMF). Vasiliauskas confirmed that January 6 was his last day of work with the team of Prime Minister Ingrida Simonyte. He will take up his new job in…
The Polish central bank’s interest-rate hike cycle is not over yet, the bank’s head, Adam Glapinski, has said. Glapinski told a press conference that the bank was waiting for January/February inflation figures before deciding about interest rates. In a recent hike cycle, the National Bank of Poland’s Monetary Policy Council raised interest rates 11 times…
More than 330,000 tons of sugar have already been produced in Vinnytsia region. Two sugar refineries have already completed their work – Yuzefo-Mykolaivskyi and Tomashpil refineries. Three more – Gaisyn, Kryzhopil and Zhdanivka – continue to work. In total, 2.2 million tons of beets were delivered to the beet piles. Of these, 2.1 million tons…
As of January 4, UAH 2.7 billion has been allocated for January pension payments, including UAH 1.4 billion for the payment of pensions through JSC Ukrposhta and UAH 1.3 billion – through authorized banks. Authorized banks have credited 100% of the allocated amounts to pensioners’ accounts. In January, 104,000 services were provided to persons who…