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…
The European Bank for Reconstruction and Development (EBRD) will provide financial support for the modernization of the railway infrastructure in the Republic of Moldova. Members of the Economy, Budget and Finance Parliamentary Committee on October 18 approved the report for the draft law that provides for the ratification of a loan agreement. The EBRD will…
Losses caused by extreme heat hitting Warsaw could double within 50 years, a report by the Polish Economic Institute (PIE) has claimed. The PIE report, entitled “The impact of climate change on the Polish economy on the example of selected provincial cities”, analysed the effects of a heat wave that hit Warsaw in 2015 and…
In late September and early October, the number of cash registers installed by entrepreneurs increased significantly, Danylo Hetmantsev, the chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy, announced. “We have not yet seen the first results (of inspections of the procedure for conducting settlement operations, which started on October 1), but…
Ukraine’s Internal Affairs Ministry is making efforts to restore the operation of international companies that have left the Ukrainian market since the Russian full-scale invasion started. The relevant statement was made by Ukrainian Foreign Affairs Minister Dmytro Kuleba. In his words, this refers to “all core brands”, such as IKEA, H&M and Zara. “The more…
Bulgaria retains its second place in the EU among the countries with the lowest debt, according to the latest official data from Eurostat from July. This was announced by the Ministry of Finance (MoF). At the end of the first quarter, the general government debt-to-GDP ratio stood at 22.5%, with only Estonia having a lower…
Poland’s core inflation, excluding food and energy prices, measured 8.4% YoY in September, down from 10% recorded in August, Poland’s Central Bank announced in a statement. On a monthly basis, Poland’s core inflation settled at negative 0.1%, down from the positive 0.3% recorded in August, the bank also said. According to the latest data from…