President Maia Sandu, on a visit to Causeni, has got acquainted with the Gogu family, which has a small business – Gogu Winery, the presidential press service has reported. A half of those 50,000 bottles annually produced by the company are sold in European countries, Canada and Japan, which is a proof of the competitiveness…
The Polish Cabinet approved the 2024 draft budget, Mateusz Morawiecki, the prime minister, told a press conference on August 24. “Budget revenues are rising, this year they will be PLN 605 billion (EUR 135 billion) and next year over PLN 680 billon (EUR 152 billion),” Morawiecki said. A presentation by the Prime Minister’s Office showed…
On August 22, the state budget received the seventh tranche of EUR 1.5 billion as part of a large-scale Macro-Financial Assistance (MFA) from the EU for 2023. In total, Ukraine has already received EUR 12 billion of MFA from the EU out of the EUR 18 billion provided under the program. The loan repayment period…
Since the start of the Affordable Loans at 5-7-9% State Programme, business entities have received 70,327 loans from authorised banks totalling UAH 225.4 billion, of which 47,762 from public sector banks totalling UAH 100 billion (as of August 21). Over the past week, 668 concessional loans totalling UAH 1.9 billion were issued under the programme,…
The Moody’s international financial assessment agency has improved Moldova’s perspective from “negative” to “stable” and confirmed the long-term ranking at B3. “This news is important, as these rankings are used by big foreign investors to assess their entrance into a country. An improvement of the perspective helps the economic reputation of Moldova a lot,” MP…
Poland’s industrial output fell by 2.7% YoY in July, the Central Statistical Office (GUS) reported on August 21. Month on month, industrial output fell by 8.5%. Economists polled by PAP expected July’s industrial production to fall by 0.8% YoY and to increase by 6.6% MoM. Manufacturing prices fell by 1.7% YoY in July and by…
The interest rate on home loans reached its highest level in 14 years during the second quarter. The current interest rate of 5.12% is more than 3% higher than during the second quarter of last year. “The main driver of the rise in borrowing costs has been the European Central Bank’s monetary policy, which has…