Georgia: money transfers to up in September 2022

Georgia received $387.2 million from abroad in September, up by 84.6% YoY, the national bank of Georgia said on October 17. Russia ($173.94 million), Italy ($36.29 million) and the United States ($28.68 million) were the largest remittance senders last month. Overall, the vast majority (97.5%) of all money transfers from abroad came from 23 countries.…

Poland: core inflation rate up in September 2022

Poland’s core inflation, which excludes the prices of food and energy, measured 10.7% YoY in September, up from 9.9% in August, the National Bank of Poland (NBP) said on October 17. Inflation excluding fixed prices amounted to 17.8% in September, up from 16.7% in the previous month. Inflation excluding the most volatile items measured 13.6%…

Ukraine: government’s new program to allow certain portion of businesses to resume operations

The Government continues to support businesses through soft credit programs, Prime Minister Denys Shmyhal has said. During a meeting, the Cabinet of Ministers has approved a resolution facilitating the attraction of up to UAH 60 million in preferential loans by enterprises that lost their production facilities due to the war. “We are talking about facilities…

Poland: C/A deficit up in August 2022

Poland’s current account deficit rose to EUR 3.97 billion at the end of August, against a revised deficit of EUR 1.89 billion recorded at the end of July, according to central bank figures released on October 14. Market analysts expected the deficit to amount to between EUR 0.22 billion and EUR 2.1 billion with the…

Georgia: finance minister and EBRD first vice president review cooperation and projects

Current and future projects funded in Georgia by the European Bank for Reconstruction and Development were discussed during a meeting between the Georgian finance minister Lasha Khutsishvili and Jurgen Rigterink, the first vice president of EBRD. Khutsishvili thanked Rigterink for the support provided by the EBRD to Georgia on its “path of European aspirations”. The…