Poland can expect an economic upswing in the coming months due to factors such as falling business costs, a leading economic think-tank said on July 3. The institute was commenting on Poland’s manufacturing sector purchasing managers’ index (PMI), which fell last month to 45.1 from 47.0 in May, its lowest point since November 2022. The…
In May, the volume of exports of IT services from Ukraine reached $590 million, up by 9.5% MoM. “May was more successful for the export of IT services than the previous month. The indicator increased by 9.5% and totaled $590 million,” Lviv IT cluster reports based on NBU data. According to the company data, these…
President Volodymyr Zelensky has met with business representatives. “A meeting with business representatives. Many urgent issues. The state’s opportunities to stimulate economic activity. The eOselia program and business participation. The subject of recovery. The tax sector and the possibilities of its reform. Checks. Law enforcers. Coordination and communication to solve problems. A useful offer for…
The parliament adopted the draft law on the amendment of more legislative acts, which were part of the budgetary and fiscal policy for 2024, in the first reading on June 30. The head of the parliament’s commission for economy, budget and finances, Radu Marian, said that the policy had been presented so early in the…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 11.5% YoY and by 0.1% MoM in June, the Central Statistical Office (GUS) reported in a flash estimate on June 30. Economists polled by PAP Business estimated that June’s CPI would reach 11.7% YoY and 0.2% MoM. In May, the prices of consumer…
The state budget of Ukraine has received grant funds in the amount of $1.215 billion through the World Bank’s Multi-Donor Trust Fund. In particular, Ukraine received $1.2 billion from the United States of America and $15 million from Finland. The grants were provided as part of the fifth additional financing under the PEACE in Ukraine…
The expenditures of Poles on travel and tourism in 2022 stood at PLN 86.6 billion (EUR 19.44 billion), up by 50.1% YoY, the Central Statistical Office (GUS) reported on June 29. Of the total spent, domestic travel and accommodation accounted for PLN 42.1 billion (EUR 9.45 billion), up by 31.9%, and foreign travel and accommodation…