The National Bank of Poland (NBP) announced on June 14 that the institution had been honoured at the Central Banking Awards 2023 held in London. NBP received the Central Banking “Currency Manager” Award for its money management in face of the Russian invasion of Ukraine. Adam Glapinski, the head of the Polish central bank, as…
Estonia is the smallest of the Baltic States, while its national budget revenue and spending are the highest of all three countries – although Lithuania is set to overtake Estonia in both of these indicators in 2023, according to Svetlana Nesinova, senior tax consultant at BDO Latvia, in an interview with the Baltic Business Quarterly…
Parliament Speaker Igor Grosu has met representatives of the PPF Group international investment group, founded in the Czech Republic. The investment fund is made up of companies, which hold businesses in Moldova as well: Central European Media Enterprises (CME) media trust and the branch Premier Energy for Romania and Moldova, the parliament’s communication and public…
On June 13, the Cabinet of Ministers of Ukraine adopted a resolution “On the provision of state guarantees on a portfolio basis in 2023”. The draft resolution was prepared by the Ministry of Finance with the aim of increasing access to lending for micro, small and/or medium-sized enterprises (MSMEs) that do not have sufficient collateral…
The Government has decided to extend the UAH 7.8 billion programme of state-financed portfolio guarantees, Prime Minister Denys Shmyhal has announced. “One of the five recovery priorities we have identified is the recovery of our economy. According to preliminary estimates, in the first quarter of this year, GDP grew by 2.4% compared to the previous…
The government agreed on Poland’s 2024 draft budget, the prime minister told a press conference after a Cabinet meeting on June 13. Mateusz Morawiecki said the government had also agreed to raise the minimum wage. He added that compared to other European countries Poland’s current economic results “are nothing to be ashamed of”. “We have…
An amendment to Poland’s 2023 budget law, adopted by the government on June 9, foresees the deficit PLN 24 billion (EUR 5.37 billion) higher than previously, the minister of finance has announced. The budget deficit for 2023 was originally planned at PLN 68 billion (EUR 15.22 billion), with expenditures seen at PLN 672.5 billion (EUR…