Poland’s average corporate gross monthly wage rose by 13.5% YoY, to PLN 6,883.96 (EUR 1,448) in January, the Central Statistical Office (GUS) said on February 20. In monthly terms, the average wage went down by 6.1%. Economists polled by PAP expected a 12.9% annual increase in the corporate wage in January and a 6.2% decline…
In 2023, pensions for Ukrainians will be raised again. Already this March, the Government plans to index pensions by 20%. All categories defined in the Law On Compulsory State Pension Insurance will be subject to indexation, Prime Minister Denys Shmyhal has announced. “By the order of the President of Ukraine, we are adjusting pensions despite…
Poland’s long-term rating in foreign currency was affirmed at the A- level with stable outlook by the rating agency Standard and Poor’s (S&P). According to the agency, Poland will be able to weather most macroeconomic risks stemming from the Russia-Ukraine war over the coming two years due to a diversified economy, the flexibility of the…
The International Labour Organization (ILO) and the Swiss State Secretariat for Economic Affairs (SECO) launched a project titled, Inclusive and Productive Employment in Moldova. The project will be implemented with the financial assistance of the Swiss Confederation. Attending the event on the project’s launch was ILO Director General Gilbert F. Houngbo, on a visit to…
During a meeting in Kyiv on February 15, Prime Minister of Ukraine Denys Shmyhal and Minister of Foreign Affairs of Canada Melanie Joly addressed a wide range of bilateral cooperation issues. “Since the beginning of russia’s full-scale invasion, the Government of Canada has undertaken a number of progressive steps in support of Ukraine, which have…
The European Bank for Reconstruction and Development (EBRD) lowers forecast for Poland’s GDP growth in 2023 to 1 %. EBRD has lowered its forecast for Poland’s economic growth in 2023 to 1% from 1.5 % forecast in September 2022, according to the bank’s latest report. The EBRD forecasts that in 2024 Poland’s GDP will grow…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.2% YoY and by 2.4% MoM in January, the Central Statistical Office (GUS) reported on February 15. Economists polled by PAP Business estimated that January’s CPI would reach 17.7% YoY and 2.7% MoM. In December 2022, the prices of consumer goods and services…