The International Labour Organization (ILO) and the Swiss State Secretariat for Economic Affairs (SECO) launched a project titled, Inclusive and Productive Employment in Moldova. The project will be implemented with the financial assistance of the Swiss Confederation. Attending the event on the project’s launch was ILO Director General Gilbert F. Houngbo, on a visit to…
During a meeting in Kyiv on February 15, Prime Minister of Ukraine Denys Shmyhal and Minister of Foreign Affairs of Canada Melanie Joly addressed a wide range of bilateral cooperation issues. “Since the beginning of russia’s full-scale invasion, the Government of Canada has undertaken a number of progressive steps in support of Ukraine, which have…
The European Bank for Reconstruction and Development (EBRD) lowers forecast for Poland’s GDP growth in 2023 to 1 %. EBRD has lowered its forecast for Poland’s economic growth in 2023 to 1% from 1.5 % forecast in September 2022, according to the bank’s latest report. The EBRD forecasts that in 2024 Poland’s GDP will grow…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.2% YoY and by 2.4% MoM in January, the Central Statistical Office (GUS) reported on February 15. Economists polled by PAP Business estimated that January’s CPI would reach 17.7% YoY and 2.7% MoM. In December 2022, the prices of consumer goods and services…
Georgian Economy Minister Levan Davitashvili said domestic inflation had passed its peak and the country’s authorities succeeded in stabilising it at 9.4% at the end of last year, noting he expected a further reduction of prices on basic consumer products and fuel in figures this month. Davitashvili said it was important to “ensure a competitive…
This January, the inflation rate dropped to 27.3%. In the coming period, it will continue to decrease, with average annual inflation forecast at 13.7% in 2023 and 5.5% in 2024. The data were presented by governor of the National Bank of Moldova (BNM) Octavian Armasu. “Inflation reached its maximum level in October 2022, being 34.6%.…
The latest GDP data show that Poland may see a “soft landing” and avoid a recession, the Finance Ministry has said. Poland’s Gross Domestic Product (GDP) increased by 2% YoY in the fourth quarter of 2022, the Central Statistical Office (GUS) reported in a flash estimate. Poland’s economy expanded by 3.6% YoY in the third…