The Sejm, the lower house of the Polish parliament, has passed an amendment that puts a cap of 40% on increases in district heating prices. The bill gained the overwhelming support of 441 MPs in the 460-member lower house on January 26, with eight abstentions. The 40% rise cap applies to individual consumers, with the…
The European Union provides 400,000 euros for four entities of the Cahul and Ungheni regions, which will back initiatives of clustering. The goal of the non-refundable assistance is to promote the spirit of cooperation among companies from urban and rural areas, through the support of innovative ideas and creation of new jobs. Thus, four non-commercial…
Poland’s foreign direct investments (FDI) in Ukraine are expected to increase to $30 billion in the coming five years, a Polish government think-tank has indicated, adding that this will be a nearly 30-fold rise. In 2021, Poland’s FDI totaled $1.2 billion, according to data from the National Bank of Poland (NBP). The Polish Economic Institute…
The National Bank predicts a slowdown in inflation to 18.7% in 2023. This will be facilitated by continued tight monetary conditions, a decrease in global inflation and weak consumer demand amid power outages. That’s according to the National Bank Governor, Andriy Pyshnyi, who spoke at a briefing on January 26. According to the NBU, in…
In Poland, remote work allows employees to save an average of 54 minutes a day, according to Polish Economic Institute (PIE) analysts. “This is the second lowest result among the 27 countries surveyed – three minutes more than in Serbia and one minute less than in the US,” according to data quoted in the January…
PKN Orlen, Poland’s leading oil and gas company, has signed a 20-year contract with the American company Sempra Infrastructure for the delivery of 20 million tons of liquefied natural gas (LNG). Under the deal, Sempra Infrastructure will deliver 1 million tons of LNG every year for twenty years, Orlen CEO Daniel Obajtek said at a…
Galt & Taggart, a Georgia-based company for investment banking and management services, has forecast the country’s tourism revenues to increase by 15% YoY and reach $4 billion in 2023 in its Tourism Market Watch update released on January 25. The release said Georgia’s tourism revenues stood at $363.3 million in December 2022, up 2.9-fold YoY…