A bill is being prepared in Poland aimed to provide for reinsurance of risks of enterprises with Polish capital registered in Ukraine in the areas of contracts and investments. Reinsurance will be provided by a Polish state Insurance Corporation (KUKE) for a long-term period (2 years or more). It is also planned to introduce reinsurance…
Poland’s GDP will increase by 1.5% in 2023 while annual average inflation will stand at around 12%, the development and technology minister has said. Minister Waldemar Buda said that he was optimistic about a GDP growth in 2023 and that he believed it would amount to 1.5%. “Analyses speak about values ranging from 0.5% to…
Georgian Economy Minister Levan Davitashvili and Saudi Minister of Economy and Planning, Faisal bin Fadel Al-Ibrahim discussed “priority areas” of economic relations as part of a Georgian Government delegation’s ongoing visit to Saudi Arabia, the Georgian Ministry of Economy announced on December 22. The state body said the discussions had involved discussions of ties in…
In cooperation with Ukrgasbank JSC, the Business Development Fund (BDF) will finance the investments of small and medium-sized enterprises (SMEs) in energy saving and energy efficiency. The relevant statement was made by the Ukrainian Finance Ministry. On December 21, the Business Development Fund and Ukrgasbank JSC signed a credit agreement worth UAH 150 million as…
In January-November, Ukraine imported $49.4 billion worth of goods, while the exports of goods came to $40.7 billion. The relevant statement was made by the Ukrainian State Customs Service on Telegram. Most imports came from China ($7.6 billion), Poland ($5 billion) and Germany ($4 billion). Most exports went to Poland ($6.2 billion), Romania ($3.5 billon)…
Cabinet approved on December 21 the amendment to some normative acts, in order to adjust the legal framework related to e-commerce and to eliminate the constraints that hinder the development of e-commerce, the government’s communication and protocol department reported. The draft sees updating the legislation on internal trade and supplementing it with the provisions on…
Poland’s retail sales increased in real terms by 1.6% YoY, but fell by 0.3% MoM in November, the Central Statistical Office said on December 21. Economists polled by PAP expected November’s retail sales to grow in real terms by 0.3% YoY and drop by 0.6% MoM. In current prices, retail sales increased by 18.4% YoY…