Poland’s average annual consumer inflation (CPI) has a 50% chance of falling into the 11.1-12.7% range in 2023, the National Bank of Poland (NBP) has said after a meeting of the Monetary Policy Council (RPP). The country has been battling high inflation for a number of months now. In February, the Polish inflation rate hit…
Almost UAH 22 million was paid to 4 more agricultural enterprises under the Government grant programme to support small and medium-sized businesses, eRobota. These funds were used to develop horticulture, berry growing, viticulture and greenhouse farming. This year, 85 farms received state aid worth almost UAH 308 million. Over UAH 242 million was allocated to…
Latvia is considered the 51st most competitive country in the world this year, as opposed to 35th a year earlier. This is the worst result among the Baltic States, according to results of annual study by the Centre for Global Competitiveness of the Swiss-based International Institute for Management Development (IMD). This study covered 64 countries…
The state budget of Ukraine has received the second tranche under the Extended Fund Facility from the International Monetary Fund totalling $890 million to cover priority expenditures. This was announced by Prime Minister Denys Shmyhal during a Government session on July 4. “The economic support of partners is one of the elements of Ukraine’s resilience,…
The government-subsidised mortgages for the purchase of the first home will cost the state budget less than PLN 1 billion (EUR 225 million) this year, but the cost will increase to PLN 1.5 billion (EUR 340 million) in the following years, a deputy finance minister has said. Artur Sobon said he expected that this year…
European Commissioner for Economy Paolo Gentiloni will pay a visit to Moldova on July 6-7, government spokesperson Daniel Voda has announced. In Chisinau, Paolo Gentiloni will have meetings with the President Maia Sandu, Speaker Igor Grosu, Prime Minister Dorin Recean, Deputy Prime Minister Nicu Popescu, Minister of Foreign Affairs and European Integration and Deputy Prime…
On July 4, the Cabinet of Ministers of Ukraine decided to allocate almost UAH 5.3 billion in subventions to communities in 10 regions: Vinnytsia, Dnipropetrovsk, Zhytomyr, Kyiv, Kirovohrad, Odesa, Poltava, Sumy, Cherkasy and Chernihiv regions. The source of the subvention is the funds allocated by the European Investment Bank (EIB) under the joint programme of…