Poland is likely to see no changes in the interest rates until the end of 2024, with GDP growth of 3.1% over the period, the S&P Global Ratings agency has said in a forecast. In the report dated November 27, S&P economists raised their estimate of Poland’s GDP by 0.1% in 2024, while expecting Poland’s…
Since the start of 2023, successfully held auctions via the Prozorro.Sale system have replenished the budgets of various levels with UAH 12.49 billion, including UAH 197 million in the past week. The Prozorro.Sale press service said this in a post on Facebook. “In 2023, the Prozorro.Sale system replenished budgets of various levels with UAH 12.49…
The Government has set up an organisational preparatory committee for the annual Ukraine Recovery Conference to be held in Berlin next year. This was announced by Prime Minister Denys Shmyhal. “The task is not only to attract resources for rapid reconstruction, but also to determine the long-term perspective and to synchronise reconstruction with European integration.…
During a parliamentary budget committee meeting, Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), advocated for a strategic fiscal approach, proposing a 10% buffer allocation within the budget for 2024. This buffer, if not utilized due to unforeseen risks, would be available for expenditure in the final quarter of the year. Radev emphasized…
Amidst the ongoing recovery from the pandemic’s impact on global travel, Bulgaria witnessed a noteworthy surge in visitor numbers in the month of October. According to recent data released by the National Statistical Institute, trips by Bulgarian residents abroad and visits by foreigners to the country exceeded pre-pandemic figures from 2019. In October, Bulgarian residents…
Poland’s budget deficit stood at PLN 36.42 billion (EUR 8.33 billion) at the end of October, the Finance Ministry announced on November 25. In the January-October period, budgetary revenues measured PLN 475.4 billion (EUR 108.69 billion), which was 39.6% of the plan for the year and PLN 49.5 billion (EUR 11.32 billion) higher than the…
From January 1 to November 17, Bulgaria welcomed over 12,000 individuals from outside the European Union who successfully obtained various work permits, as reported by the Employment Agency (EA). Of these permits, 1,556 were granted to foreigners from third countries. A significant portion of these workers hails from countries like Turkey (1,309), Kyrgyzstan (75) and…