Eight Ukrainian startups will represent the Ukrainian delegation at the 2023 SelectUSA, the main U.S. event promoting direct investment, which will take place in Washington on May 1-4. They were selected following a pitch competition. The national delegation includes: – ADAM – a revolutionary Ukrainian startup that has developed a technology for 3D printing human…
The Moody’s rating agency has raised its prediction for Poland’s GDP growth in 2023 from -0.2% to 0.4% without changing the country’s credit rating. The agency put 2024 GDP growth at 2.4%. Moody’s said Poland’s long-term foreign currency rating remained at A2 with a stable outlook. Poland’s credit risks are sustainable, Moody’s analysts say, despite…
The National Bank of Georgia on March 29 said even though inflation was “still high” in the country, the trends were following a “downward trajectory”, with the numbers expected to remain below the “target level” in the second half of the year. Statistics showed headline inflation decreased to 8.1% last month, while core inflation dropped…
The collections to the national public budget, managed by the State Fiscal Service (SFS) since the beginning of this year have amounted to 14.7 billion lei. The collections grew by 2.2 billion lei or by 17.8% YoY. Thus, about 7 billion lei (350 million euros) was collected in the state budget in 2023, up by…
This year, Ukraine needs $14 billion to cover the most urgent needs. Minister of Finance of Ukraine Serhiy Marchenko said this at the first event within the framework of the newly created Ukraine Reconstruction Platform via video link. Marchenko recalled that last week the World Bank assessed Ukraine’s losses as a result of Russian aggression…
A reduction in VAT introduced in 2022 to counter the rapid increase in prices cost the Polish budget PLN 37 billion (EUR 7.9 billion), a deputy finance minister said. Last year, Poland lowered the VAT rate on basic foodstuffs, fertilisers and fuels. The government also cut the excise tax on fuels and energy. “In 2022,…
Rating agency Standard and Poor’s (S&P) has maintained Poland’s economic growth forecast at 0.9% in 2023. At the same time, S&P upgraded its forecast for 2024 from 3.2% to 3.4%, the company said in a report published on March 28. Poland’s average annual inflation (HICP) is now expected to hit 11.8% and ease to 6.2%…