Poland’s economic growth will weaken to 3.2% in 2023 from 3.8% expected this year, while inflation will ease from this year’s 9.1% to 7.8% in 2023, the government has assumed in budget guidelines. “Short-term prospects for the Polish economy are highly uncertain owing to the geopolitical situation (Russia’s aggression against Ukraine), turbulence in global production…
A 240-metre glass bridge with a suspended cafe has been unveiled for visitors of southern Georgia’s Dashbashi Canyon, with the brand-new infrastructure set to receive tourists starting tomorrow. Launched in a GEL 120-million ($40.8 million or EUR 39 million) investment from Israeli company Kass Land, the bridge spans across the canyon with a “diamond-shaped” cafe…
The Government continues to create the best conditions for Ukrainian business, as it understands that business is the backbone for economic growth and recovery. Prime Minister Denys Shmyhal dwelled on that during a Cabinet of Ministers meeting on June 14. “After the start of the full-scale war, we have been issuing affordable loans averaging over…
On June 13, the Minister of Agrarian Policy and Food of Ukraine Mykola Solsky held a videoconference call with his counterpart, the United States Secretary of Agriculture Thomas J. Vilsack, during which a Memorandum of Understanding (MoU) was signed between the Ministry of Agrarian Policy and Food of Ukraine and the U.S. Department of Agriculture…
Poland’s Consumer Price Index (CPI) will significantly exceed the central bank’s target for the next three years and will likely hit a peak of 15.8% YoY in August, according to a report published by a leading economic think tank on June 14. “For the next three years, inflation will considerably exceed the 2.5% inflation target…
French wheeled self-propelled howitzers Caesar could be delivered to Lithuania in 2027, Defence Minister Arvydas Anusauskas has said. “The acquisition itself will take place in 2027. Or perhaps earlier. It is still too early to talk about very specific terms,” the minister said. On June 13, Anusauskas signed a letter of intent on purchasing 18…
A growing number of Polish companies plan to maintain their current level of employment, while the percentage of firms seeking new staff has decreased, according to a new survey by the Randstad recruitment agency. In all, 69% of companies will not add to their head count, up by 9% in comparison to December 2021, indicates…