Since the start of the Affordable Loans at 5-7-9% State Programme, business entities have received 70,327 loans from authorised banks totalling UAH 225.4 billion, of which 47,762 from public sector banks totalling UAH 100 billion (as of August 21). Over the past week, 668 concessional loans totalling UAH 1.9 billion were issued under the programme,…
The Moody’s international financial assessment agency has improved Moldova’s perspective from “negative” to “stable” and confirmed the long-term ranking at B3. “This news is important, as these rankings are used by big foreign investors to assess their entrance into a country. An improvement of the perspective helps the economic reputation of Moldova a lot,” MP…
Poland’s industrial output fell by 2.7% YoY in July, the Central Statistical Office (GUS) reported on August 21. Month on month, industrial output fell by 8.5%. Economists polled by PAP expected July’s industrial production to fall by 0.8% YoY and to increase by 6.6% MoM. Manufacturing prices fell by 1.7% YoY in July and by…
The interest rate on home loans reached its highest level in 14 years during the second quarter. The current interest rate of 5.12% is more than 3% higher than during the second quarter of last year. “The main driver of the rise in borrowing costs has been the European Central Bank’s monetary policy, which has…
The number of officially registered unemployed people in Ukraine reached 112,300 as of August 1. Since the beginning of the year, the State Employment Service has helped almost 127,000 Ukrainians find jobs. This is evidenced by the data released by the State Employment Service. “As of August 1, 112,300 people had the status of unemployed.…
The World Bank will offer the Republic of Moldova a grant worth $88.4 million. The Parliament ratified on August 17 the multi-donor trust fund grant agreement between the Republic of Moldova and the International Bank for Reconstruction and Development and the International Development Association. Thus, the grant will be disbursed in a single installment and…
Poland’s Gross Domestic Product (GDP) decreased by 0.5% YoY in the second quarter of 2023, the Central Statistical Office (GUS) reported. Compared to the previous quarter, the economy fell by 3.7%, GUS said in a flash estimate. Poland’s economy contracted by 0.3% in the first quarter of 2023, after a 2.3% growth in the fourth…