Adam Glapinski, the governor of the National Bank of Poland (NBP), has said that inflation is falling, as predicted in forecasts, and that this process will continue. “As we predicted in the projection, inflation is definitely falling,” Glapinski confirmed during a press conference on June 7, a day after the NBP’s Monetary Policy Council decided…
Organization for Economic Cooperation and Development (OECD) predicts that economic growth is expected only in Latvia among the Baltic countries: the country’s gross domestic product (GDP) will grow by 1.1% this year, and a 2.4% increase is expected next year. In November, the OECD predicted that Latvia’s GDP would increase by 0.2% and 2.3% this…
Small and medium enterprises in the Republic of Moldova will be able to benefit from affordable financing for the implementation of investment projects under the 373 Program, approved by the government on June 7, the government’s communication and protocol department has reported. The program sees the granting of investment loans by banks, with the partial…
Ukraine’s international reserves, according to preliminary data, reached $37.3 billion as of June 1. This is said in a report published on the website of the National Bank of Ukraine (NBU). “Ukraine had $37,311.3 million in international reserves as of June 1, according to preliminary data. In May, international reserves increased by 4% and rose…
In the first five months of 2023, receipts to the National Public Budget administered by the State Fiscal Service amounted to 25.23 billion lei (about 1.2 billion euros), up by 16.4% YoY. Thus, 11.2 billion lei were collected to the state budget in five months of 2023, up by 14.1%. About 2.7 billion lei were…
Polish retail sales went down by 2% YoY in April after a 5.1% decrease in March, Eurostat, the EU’s statistics agency, reported on June 6. Month on month, retail sales went up by 1.4%, the agency also said. Eurostat annual growth figures are work-day adjusted, while the monthly growth figures are also seasonally adjusted. Eurostat…
Since the start of the Affordable Loans at 5-7-9% State Programme, business entities have received 62,963 loans from authorised banks totalling UAH 202.86 billion, of which 41,762 from public sector banks totalling UAH 88.31 billion (as of Jnue 5). Over the past week, 365 concessional loans totalling UAH 1.4 billion were issued under the programme,…