Poland’s central bank, the National Bank of Poland (NBP), does not predict a recession in the country, but economic growth may fall to zero, the central bank governor has said. At his monthly press conference on December 8 following an interest rate decision a day before, Adam Glapinski said that despite weakening sentiment, Poland should…
Spain was Georgia’s major foreign direct investor country in the third quarter of 2022 with $165.9 million, followed by the United Kingdom with $122.9 million and Ireland with $120.3 million, the National Statistics Office of Georgia reported. The top three sectors with the largest share of FDI in the third quarter of 2022 were as…
Poland’s Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, believes that the current interest rate level is optimal, the central bank governor has said. “The council considers the current interest rate level, which has reached 6.75% following 11 increases, as optimal,” Adam Glapinski told reporters. The RPP left rates unchanged for the third…
Ekspress Grupp, an Estonian media group that owns the Delfi news websites in the Baltic countries, has acquired the Lrytas news website from Lithuania’s Lietuvos Rytas. The agreement on the acquisition of 100% of shares in Lrytas, a subsidiary of Lietuvos Rytas, was signed on December 9, Ekspress Grupp said in a press release. The…
Food prices remain stubbornly high in Lithuania. The annual price change stood at 36% in November. Economist Tadas Povilauskas thinks the government could initiate a study to look into whether all the price rises are justified by costs. The annual inflation rate for food and non-alcoholic beverages in Lithuania is almost 35.6%. For food alone,…
The issue of strengthening economic cooperation between Ukraine and Slovakia was under discussion during a meeting in Kyiv between First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko and Minister of Economy of the Slovak Republic Karel Hirman. “Ukraine and Slovakia have close economic ties, which have been only strengthening recently. Following…
Minister of Energy of Ukraine German Galushchenko met with the leadership of the Japan International Cooperation Agency (JICA). The meeting was attended by Director General of the JICA Middle East and Europe Department Hideki Matsunaga, Director of the JICA Office in Ukraine Osamu Hattori, other representatives of the Agency, as well as representatives of the…