Poland’s Monetary Policy Council (MPC) decided to formally end the tightening cycle, with interest rates cuts possible in September once conditions were met, Adam Glapinski, the governor of the National Bank of Poland (NBP), said. Glapinski held a press conference a day after the MPC decided to keep the rates unchanged for the tenth time…
In the first half of 2023, the general fund of local budgets received UAH 218.3 billion, up by UAH 42.5 billion YoY. The main revenues of the general fund of local budgets (excluding interbudgetary transfers) in the first half of 2023 were as follows: UAH 145.4 billion – personal income tax, UAH 27.1 billion –…
Ukraine’s Ministry of Finance expects the economy to grow by up to 3% in 2023, Finance Minister Sergii Marchenko has announced on Facebook. “The Government of Ukraine has managed to stabilize the economic and financial situation. We have controlled budget indicators, stable tax revenues and a decrease in inflation from 26.6% in May 2022 to…
Prime Minister Dorin Recean had a meeting with European Commissioner for Economy Paolo Gentiloni. They considered macro-financial assistance in the context of the additional budget to Moldova this year. “We discussed recommendations for macro-financial assistance to be used more effectively, so that we can adjust to European regulations, and support our economy. Economic development is…
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…