Georgia: money transfers up in December 2022

Georgia received $535.3 million from abroad in December 2022, up by 133.2% YoY, the National Bank of Georgia said on January 16. Russia ($317.31 million), Italy ($43.20 million) and the United States ($34.30 million) were the largest remittance senders last month. Overall, the vast majority (98.2%) of all money transfers from abroad came from 24…

Poland: core inflation up in December 2022

Poland’s core inflation, which excluded the prices of food and energy, measured 11.5% YoY in December 2022, up from 11.4% in November 2022, the National Bank of Poland (NBP) said on January 16. Inflation excluding fixed prices amounted to 17.1% YoY in December 2022, down from 18.1% in the previous month. Inflation excluding the most…

Ukraine: United States to help in restoring and developing domestic energy sector

During an online meeting between Minister of Energy of Ukraine German Galushchenko and Secretary of U.S. Department of Energy Jennifer Granholm, the parties paid special attention to cooperation in restoring the Ukrainian energy system after massive russian attacks, strengthening it and protecting it from military threats, as well as prospects for the development of renewable…

Ukraine: government establishes interdepartmental group designed to step up deregulation of businesses

The Cabinet of Ministers of Ukraine has established an interdepartmental group, which will expedite the review of all these control and regulatory instruments, Prime Minister of Ukraine has announced during a Government session. “Now in Ukraine there are almost 1,000 instruments of state regulation for business. 528 permits, 224 licenses, 157 consents and dozens of…

Poland: more rate hikes unlikely

Poland’s rate-setting Monetary Policy Council (RPP) is unlikely to increase interest rates again, as the hikes so far have had sufficient effect, an RPP member has said. But Gabriela Maslowska added that a further increase could not be ruled out. In a recent hiking cycle, the RPP raised interest rates 11 times but suspended rate…