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…
An expert from the think tank the Polish Economic Institute (PIE) has called the September 6 interest rate cuts “surprising”, adding that that until the end of next year rates will fall to around 5.25% Poland’s central bank’s rate setting Monetary Policy Council (RPP) cut all interest rates by 0.75% on September 6, bringing the…
The Government will adopt the draft state budget for 2024 until September 15. Its preparation has reached the final stage. This was announced by Prime Minister Denys Shmyhal. “The number one priority – just like this year – will be the security and defence sector. Equipment, weapons, drones, missiles, ammunition – all these are of…
Poland’s Council of Ministers adopted at its September 5 sitting a government programme aimed at supporting the development of the capital, Warsaw, between the years 2023 and 2030, the culture minister announced on X. Piotr Glinski tweeted that the programme’s aim was to “increase the capital’s development potential and raise residents’ living standards through financial…