Poland’s retail sales decreased in real terms by 6.8% YoY and by 1% MoM in May, the Central Statistical Office said on Jne 22. Economists polled by PAP expected May’s retail sales to fall in real terms by 5.6% YoY and to grow by 0.6% MoM. In current prices, retail sales increased by 1.8% YoY…
Ukrainian representatives are starting to work in London on the eve of the Ukraine Recovery Conference. The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal on Telegram. “As part of the event, we will present and discuss with international partners the key aspects of reconstruction: rapid recovery, private investment raising in the promising…
The draft on the budgetary and fiscal policy for 2024 was approved at a Cabinet meeting on June 21. The draft includes conceptual and systemic changes of optimization of the fiscal administration and is aimed at solving the economic constraints found out by tax payers, identifying instruments of residents’ support, as well as continuing the…
Poland’s industrial output fell by 3.2% YoY in May, the Central Statistical Office (GUS) reported on June 21. Month on month, industrial output decreased by 4.4%. Economists polled by PAP expected May’s industrial production to fall by 3% YoY, but to increase by 5.1% MoM. Manufacturing prices increased by 3.1% YoY in May, but fell…
The basic rate applied on the principal short-term monetary policy operations has been established at 6% annually, against 10% earlier. A decision to this effect was taken by the executive committee of the National Bank of Moldova (BNM) on June 21. At the same time, the rates of interest on the overnight loans were set…
President of Ukraine Volodymyr Zelensky has signed a law that will help improve the management structure of the State Property Fund, as well as resume large-scale privatization. “Due to the joint work of the President, the Verkhovna Rada and the government, we are resuming large-scale privatization. Attracting private investments in state-owned enterprises means new technologies,…
On June 19, the State Budget of Ukraine received funding of EUR 63 million from the World Bank. The funds were provided by the International Development Association (IDA) on concessional terms under the World Bank’s Public Expenditures for Administrative Capacity Endurance (PEACE) Project. The loan has a maturity of 10 years, with a 4-year grace…