Poland’s long-term rating in foreign currency was affirmed at the A- level with stable outlook by global rating agency Fitch on November 10. According to the agency, “Poland’s ratings are supported by a diversified economy, a fairly sound macroeconomic framework anchored by EU membership, and slightly lower public debt levels than rated peers. This is…
Funding for support programmes for war veterans will be doubled in 2024. This was announced by Prime Minister Denys Shmyhal during a Government meeting on November 10. “We earmark UAH 14 billion to provide our veterans with the necessary services and support. We are building a new veterans’ policy. We will fully launch the Veteran’s…
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’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…
The government adopted an update of the National Plan for the introduction of the euro in Bulgaria. The changes in the Plan were developed and approved by the Coordination Council for the preparation of Bulgaria for membership in the Eurozone, which was co-chaired by the Minister of Finance and the Governor of the Bulgarian National…
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…
Polish retail sales went down by 0.4% YoY in September after a 0.1% increase in August, Eurostat, the EU’s statistics agency, reported on November 8. Month on month, retail sales went up by 1%, the agency also said. Retail sales in the eurozone fell by 2.9% YoY in September after a 1.8% decrease a month…