Bulgaria: industries suffer double-digit slump in September 2023 production

Bulgaria’s industrial landscape faced a substantial setback in September, witnessing a sharp decline both on a monthly and yearly scale, according to data from the National Statistical Institute. The year-on-year contraction reached a staggering 11.5%, surpassing the 2.7% dip compared to August. Breaking down the data, the production and distribution of electricity, heat and gas…

Poland: decline of inflation to be slower

Poland’s inflation is expected to fall further, but at a slower pace than to date, the central bank’s governor, Adam Glapinski, has said. “Inflation will still be decreasing in Poland, but its further decline will be slower than to date,” Glapinski said at a press conference on November 9, the day after the Monetary Policy…

Ukraine: South Korea to help produce drones

South Korea will help Ukraine produce more high quality drones for war against Russia, Lviv Mayor Andriy Sadovyi has stated in a video commentary following a foreign tour, Ukrinform reports. “We have great contact with drone manufacturers. We connect them with our producers. There will be more drones, and they will be of higher quality,”…

Ukraine: EC notes progress in energy sector development

Thanks to the resilience of critical energy infrastructure in the face of Russian attacks, Ukraine’s economy is recovering and the transformation of the energy industry, despite the ongoing war and colossal destruction, remains successful. That’s according to the assessment noted in the European Commission report on Ukraine’s progress in fulfilling criteria for the EU membership,…

Poland: MPC keeps interest rates at 5.75%

Poland’s Monetary Policy Council (MPC), the Central Bank’s rate-setting body, has kept interest rates unchanged. The reference rate remained at 5.75%, the lombard rate at 6.25%, the deposit rate remained at 5.25%, the rediscount rate at 5.8% and the discount rate at 5.85%, the MPC announced after its sitting on November 7-8. Analysts expected MPC…