Adam Glapinski, head of the National Bank of Poland (NBP), has said that the country’s interest rates are now at an adequate level following a series of rate hikes. The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, decided to keep the reference interest rate at 6.75% on February 8. “According to our…
Poland’s average corporate gross wage rose by 12.3% YoY, to PLN 6,733.49 (EUR 1,433) in the fourth quarter of 2022, the Central Statistical Office (GUS) said on February 9. In quarterly terms, the average wage went up by 3.9%. (PAP/Business World Magazine)
The European Union will transfer EUR 20.87 million to support the implementation of “key reforms” in various sectors of the Georgian economy, from economic and business development to rural advances and food safety, the EU Delegation to Georgia has announced. Supporting development of skills and a reform of the labour market and contributing to regional…
Despite the war, Ukraine managed to increase exports to the EU, which amounted to $27.9 billion in 2022. This was achieved thanks to trade liberalization, in particular, the removal by the EU of quotas and duties for Ukrainian products, as well as of road transport permits, for the period of martial law in Ukraine. This…
In 2023, the Government has allocated UAH 1.8 billion for the microgrant program “Own Business”, which will allow Ukrainians to receive more than 7,000 microgrants for starting and developing a business. This was announced by Deputy Minister of Economy of Ukraine Tetiana Berezhna during the National Telethon. “This year’s budget for the “Own Business” program…
The annual rate of inflation will trend downward rapidly throughout this year. More precisely, the average annual inflation is forecast at 13.7% this year and 5.5% in 2024. Governor of the National Bank of Moldova Octavian Armasu unveiled the data. BNM data showed that the annual inflation rate, in the fourth quarter of 2022, outlined…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%. The National Bank of Poland’s Lombard rate remained at 7.25%, the rediscount rate at 6.80% and the discount rate at 6.85%, the RPP announced after its sitting on February 8. The RPP also left the deposit…