There is no threat of default despite significant growth of Ukraine’s public debt, financial expert Serhiy Fursa has said. According to him, due to the constant need for additional borrowings, public debt will certainly increase – both in absolute numbers and to the volume of national GDP. “In normal times, I would say this would…
The European Commission is addressing the transit tax introduced by Bulgaria for Serbia and Hungary for Russian natural gas, European Commission spokesman Olof Gill has said. “We are evaluating and discussing with the Bulgarian authorities these recently introduced measures. I can add that the policy of sanctions towards Russia has been outlined, revised and adopted…
Poland’s retail sales fell by 0.3% YoY and by 0.3% MoM in real terms in September, the Central Statistical Office (GUS) reported. Analysts surveyed by PAP were betting on a 2% annual decrease and a 1.3% monthly drop in real terms in September. At current prices, Polish retail sales went up by 3.6% YoY in…
Ukraine has received about $34 billion in loans and grants from international partners since the beginning of 2023. The relevant statement was made by the National Bank of Ukraine (NBU) on Telegram. “It is expected that international support will further continue, and the amount of financing will reach about $42 billion in 2024,” the report…
Despite the ongoing war, Ukrainian CEOs are expecting an increase in business activity in the next 12 months, for the second quarter in a row, the press service of the National Bank reports. “Against the background of the stable functioning of the energy system, the respondents keep expecting growth in the production of goods and…
Poland’s average corporate gross wage increased by 0.1% MoM in September and by 10.3% YoY, to a gross PLN 7,379.88 (EUR 1,658), the Central Statistical Office said. Economists surveyed by PAP expected a 10.8% YoY corporate wage growth. Poland’s corporate employment measured nearly 6.5 million persons in September, flat year-on-year and 0.1% down month-on-month versus…
Bulgaria’s economy grew by 3.9% in 2022, according to updated data from the National Statistical Institute, exceeding preliminary data for a 3.4% growth. The upward revision is a result of a better than preliminary data performance of the services sector, but with a weaker performance of the industrial sector. Final consumption is again the main…