Last week, entrepreneurs received loans worth UAH 448 million under the government program Affordable Loans at 5-7-9%. Since the start of the program (February 2020), banks have issued 54,600 loans worth UAH 171.7 billion to businesses. Most entrepreneurs have borrowed finance under anti-crisis loans – UAH 62 billion, and UAH 28.6 billion – to refinance…
The EU became the main trade partner of Azerbaijan in 2022, Peter Michalko, EU Ambassador to Azerbaijan, wrote on his Facebook page. “Just got the latest statistics: 52% of Azerbaijani foreign trade was with the EU, 65.6% of exports went to the EU market. The highest level ever,” the ambassador said. Meanwhile, the trade turnover…
Poland’s industrial output rose by 2.6% YoY in January, the Central Statistical Office (GUS) reported on February 20. Month on month, industrial output decreased by 2.5%. Economists polled by PAP expected January’s industrial production to grow by 4.1% YoY and to drop by 0.3% MoM. Manufacturing prices increased by 18.5% YoY in January and by…
On February 13-19, the Customs Service collected over 688.1 million lei (about 34.4 million euros) to the state budget. According to the institution, private people brought goods with customs value exceeding the non-taxable limit, and payments amounting to over 19.1 million lei were collected, which represented 2.8% of the total amount. The money collected from…
Poland’s average corporate gross monthly wage rose by 13.5% YoY, to PLN 6,883.96 (EUR 1,448) in January, the Central Statistical Office (GUS) said on February 20. In monthly terms, the average wage went down by 6.1%. Economists polled by PAP expected a 12.9% annual increase in the corporate wage in January and a 6.2% decline…
In 2023, pensions for Ukrainians will be raised again. Already this March, the Government plans to index pensions by 20%. All categories defined in the Law On Compulsory State Pension Insurance will be subject to indexation, Prime Minister Denys Shmyhal has announced. “By the order of the President of Ukraine, we are adjusting pensions despite…
Poland’s long-term rating in foreign currency was affirmed at the A- level with stable outlook by the rating agency Standard and Poor’s (S&P). According to the agency, Poland will be able to weather most macroeconomic risks stemming from the Russia-Ukraine war over the coming two years due to a diversified economy, the flexibility of the…