During the drafting of the state budget for 2023, a moderately conservative macroeconomic forecast scenario was applied by the Government team. It anticipates a GDP growth by 3.2%, inflation at 28% and the average annual dollar exchange rate at about UAH 42, Prime Minister Denys Shmyhal said during the Government’s session on November 4. “I…
The Verkhovna Rada of Ukraine has approved at second reading and in its entirety the law “On the State Budget of Ukraine for 2023”. A total of 295 MPs voted for the relevant document, the Telegram channel of MP Yaroslav Zhelezniak says. In 2023, state budget revenues are projected at UAH 1.3 trillion and expenditures…
Poland’s Gross Domestic Product (GDP) increased by 8.6% YoY in the first quarter and by 5.8 % in the second quarter, the Central Statistical Office (GUS) said on November 3. GUS adjusted the figures upwards from the previous estimates of 8.5% in Q1 and 5.5% in Q2. (The First News/Business World Magazine)
Poland’s seasonally adjusted unemployment rate remained unchanged from the previous month at 2.6% in September, Eurostat, the EU’s statistical office, reported on November 3. The number of unemployed edged up to 448,000 in September from 444,000 in August, Eurostat also said. According to Eurostat, the unemployment rate in the eurozone countries, according to seasonally adjusted…
The United States Agency for International Development is launching a five-year programme designed to create jobs and improve livelihoods of people living in over 90 communities along the administrative line separating the Russia-occupied regions from the rest of the country. The organisation said the $24-million initiative would aim to help residents in realising “their full…
Poland’s GDP will contract by 0.2% YoY in 2023, according to the credit ratings agency Moody’s. In a report published on November 1, Moody’s wrote the contraction would stem from a decline in domestic demand and the troubles of Poland’s main trading partners filtering down to affect the Polish economy. “While we expect Poland to…
The budget of the EU4Moldova project, meant for strengthening the capacity to respond to the COVID-19 emergency situation in the public health sector and the institutional capacity for the implementation of the Association Agreement, will be increased by 138,328 euros. The Cabinet, at a meeting on November 2, approved the draft on starting negotiations and…