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Author Archives: admin

Bulgaria: external liabilities dip below EUR 42.5 million

BulgariaBy admin2024-01-02Leave a comment

Bulgaria’s Gross External Debt stood at approximately EUR 42,410 million as of the end of October 2023, marking a 3.7% decrease from the same period in 2022, according to data released by the Bulgarian National Bank (BNB). Short-term liabilities, constituting about 16.9% of the gross debt and 7.5% of GDP, saw a notable decline of…

Poland: companies worry about inflation and energy costs in 2024

PolandBy admin2024-01-02Leave a comment

More than half of Polish companies are concerned about rising inflation in 2024, according to data from the Monthly Business Climate Index compiled by analysts of the Polish Economic Institute (PIE). Pessimistic energy price forecasts persist among businesses in Poland. According to data from the December 2023 edition of the Monthly Business Climate Index compiled…

Baltic States: Nasdaq Baltic stock exchanges see major slump in 2023

BalticsBy admin2024-01-02Leave a comment

Nasdaq’s three Baltic stock exchanges saw considerably lower transaction numbers as well as trading asset turnover last year than in 2022, with shares in the Tallinn exchange’s now-delisted Baltika seeing the Baltic Main List’s biggest drop of 2023 at 46%. Last year, a combined 1.108 million stock transactions took place on Nasdaq’s Tallinn, Riga and…

Ukraine: purchase of domestic goods by state-owned companies a matter of survival during war

UkraineBy admin2024-01-02Leave a comment

This year, public procurement should switch to Ukrainian goods and components as much as possible, wherever possible. The issue of how to align the positions of suppliers and buyers as quickly as possible was discussed during a meeting on demonopolisation and import substitution for the needs of Ukrzaliznytsia chaired by Yuliia Svyrydenko, First Deputy Prime…

Ukraine: electricity price for household consumers to remain unchanged

UkraineBy admin2023-12-29Leave a comment

The Government has decided to extend the PSO for electricity until the end of April next year. This was announced by Prime Minister Denys Shmyhal. “As promised, the price of electricity for household consumers will remain at UAH 2.64 per kWh. This will allow us not to increase the burden on family budgets during the…

Poland: Ministry of Finance to launch new mortgage moratorium on March 1, 2024

PolandBy admin2023-12-29Leave a comment

Poland’s Ministry of Finance is planning for a draft law on payment suspension for mortgage holders to enter into force from March 1, 2024, the ministry has said in a letter to the bill’s consultants. The mortgage moratorium scheme was intended to help mortgage owners whose monthly installments skyrocketed due to rapidly rising interest rates.…

Baltic States: Polish-Lithuanian power cable to be built alongside Rail Baltica tracks

BalticsBy admin2023-12-29Leave a comment

The Harmony Link power interconnection between Lithuania and Poland will be built on land and will run alongside the European standard-gauge railway Rail Baltica, Energy Minister Dainius Kreivys has said. “It has now been agreed that Harmony Link will be built on land, rather than at sea, alongside the Rail Baltica tracks,” Kreivys said. This…

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