The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, increased the reference interest rate by 50 basis points, to 6.50% on July 7. The National Bank of Poland’s lombard rate was raised from 6.50% to 7.00%, the rediscount rate from 6.05% to 6.55% and the discount rate from 6.10% to 6.60%. At the…Details
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A nuclear power plant could be on-line and functioning in northeastern Estonia a decade from now, according to one private sector nuclear energy firm. The plant would likely be the new small nuclear reactors (SMR) type, which are currently under development in other parts of the world – none are as yet on-line. While the…Details
Lithuania mulls issuing one-off permits, allowing sanctioned goods to transit its territory to Kaliningrad, a Russian exclave on the Baltic coast. “If there is a sudden shortage of, for example, cement for the consumption of the population in Kaliningrad, as the sanctions on cement came into force on July 10, then it would be possible…Details
Ukraine will receive another $20 billion in aid and support from international partners this year. Prime Minister Denys Shmyhal said this during the nationwide telethon on Ukrainian TV channels. “Until the end of the year, we will get about $20 billion more in aid and support from our partners,” Shmyhal said. The Prime Minister noted…Details
Negotiations on the opening of grain corridors are ongoing, and there are several most important steps that are not easy to reach an agreement on, including those on security guarantees for Ukraine, Foreign Minister Dmytro Kuleba has said. Kuleba said a number of logistical details needed to be worked out in talks brokered by Turkey…Details
Daikin, a Japanese heat pump and air conditioning company, will build a facility in Ksawerow, central Poland, for EUR 300 million. Mateusz Morawiecki, the Polish prime minister, attended an inauguration ceremony of Daikin’s investment on July 7. The Japanese conglomerate’s first Polish facility will be operational in July 2024. “We want Poland to be a…Details
Kutaisi International Airport serviced 76,052 passengers and received 298 flights in June, marking a 21% increase in flights from the pre-pandemic period, the United Airports of Georgia said on July 7. The body noted passenger flow had “fully recovered” from the pre-pandemic figures in 2019. Five airline companies currently operate at the airport, with flights…Details