In August, average consumer prices decreased compared to the current July by about 0.1%, marking the further drop of the monthly inflation rate, recorded starting from June. The data were presented by the National Statistics Bureau (BNS) on September 11. Annual inflation in August, compared to August 2022, was 9.7%, down by 1.1% compared to…
Poland’s economy is predicted to grow by 0.5% in 2023 and by 2.7% in 2024, while headline inflation could hit 11.4% this year before easing to 6.1% next year, according to summer forecasts from the European Commission (EC). The new GDP growth forecast comes slightly below the EC’s May expectation of 0.7% for this year,…
The Ukrainian economy is being shaped in three dimensions: the wartime economy, the recovery economy and the economy of the future. This was stated by Prime Minister Denys Shmyhal in a statement at the Yalta European Strategy in Kyiv. “The wartime economy is working. The recovery economy has been successfully launched and is gaining momentum.…
At its last meeting, the Government amended the rules for public procurement during martial law. In particular, it was decided that for procurements over UAH 50,000, it was necessary not only to publish a report on the contract concluded without the use of the electronic procurement system, but also to provide a justification for the…
Poland sees inflation declining faster than expected and the economy growing below estimates, so the interest rates have been adjusted, Adam Glapinski, governor of the central bank (NBP), has told a press conference following a surprising interest rate cut to 6%. “Poland has met previously-assumed conditions for an interest rate cut, namely reaching single-digit inflation…
On September 7, representatives of the Ministry of Finance of Ukraine and the World Bank reviewed the World Bank’s project portfolio. The review was led by Deputy Minister of Finance of Ukraine Olga Zykova and World Bank Manager in Ukraine Gevorg Sargsyan. The review took place for the first time since 2021. In total, the…
The financial infrastructure of the Three Seas Initiative (3SI), in particular the 3SI Investment Fund, can play an important role in securing investment in long-term projects in Ukraine. And 3SI risk insurance through export credit agencies and DFI project financing will allow companies from the Three Seas Initiative countries to make greater inroads into the…