Estonia, along with Latvia and Lithuania, continues to have the highest loan interest rates in the eurozone, surpassing the average for that region by several percentage points. European Central Bank (ECB) statistics showed that the average interest rate on newly issued home loans in the eurozone stood at 4.1% as of the end of November…
Bulgaria is set to witness wages outpacing inflation at a two-to-one ratio in 2024, according to Allianz Trade’s latest report. Anticipating a 9% growth in wages compared to an expected 4% inflation, the report indicates a slowdown from the 13.5% wage growth projected for 2023. Despite this deceleration, wages are poised to comfortably surpass rising…
Despite the war, Ukraine’s economy is growing. Investors are increasingly investing in business in Ukraine. Work is continuing on the Ukraine Development Fund and other instruments to attract investment. This was stated by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, during her speech at the “CEOs for Ukraine” panel discussion…
Poland’s core inflation, excluding food and energy prices, measured 6.9% YoY in December 2023, down from 7.3% recorded in November 2023, Poland’s central bank (NBP) announced in a statement. On a monthly basis, the central bank also said that Poland’s core inflation edged up to 0.3%, up from the flat result 0.0% recorded in November…
The Ministry of Agriculture and Food Industry (MAIA) has announced that the first call for applications for grants offered by the Agriculture Governance, Growth and Resilience Investment Project (AGGRI) has been opened. The maximum amount of a grant reaches $1 million, provided that the amount does not exceed 50% of the value of the eligible…
Under the USAID Agricultural and Rural Development (AGRO) program, Ukrainian enterprises that provide services for processing and storage of agricultural products will receive up to UAH 270 million in co-financing for the development of grain storage capacities, the Ministry of Agrarian Policy and Food reports. “The USAID Agricultural and Rural Development (AGRO) program will support…
Poland’s Consumer Price Index (CPI) stood at 6.2% YoY in December 2023 against the 6.1% predicted in a previous flash estimate, the Central Statistical Office (GUS) reported on January 15. The CPI inflation in November 2023 was 6.6%. Consumer prices in December 2023 increased by 6.2% (with an increase of prices of services by 8.2%…