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 on February 14. Quarter on quarter, the GDP shrank by 2.4%. Poland’s economy expanded by 3.6% YoY in the third quarter of 2022 after a 5.8% growth in the second…
Georgian external trade turnover amounted to $1.46 billion in January, posting a 29.1% increase year-on-year, the Georgian National Statistics Office revealed on February 13. The value of exports rose by 38.5% and equaled $459 million, while imports grew by 25.2%, amounting to $1 billion. Trade deficit, a measure of the negative balance of trade in…
On February 14, the State Fiscal Service will conduct checks on taxpayers operating in flower trade and Horeca sector. The actions are aimed at monitoring how taxpayers comply with the legislation, in order to prevent the non-documentation of transactions through checkout and control equipment. The monitoring of taxpayers comes in the context of the increase…
Poland’s current account deficit fell to EUR 2.53 billion at the end of December 2022, against a deficit of EUR 313 million recorded at the end of November 2022, according to central bank figures released on February 13. Market analysts expected the deficit to amount to EUR 1.51 billion. Poland recorded a EUR 2.72-billion deficit…
Georgian Prime Minister Irakli Garibashvili on February 13 discussed prospects for economic cooperation with Masrour Barzani, the head of the Regional Government and Prime Minister of the Kurdistan Region of Iraq. The meeting was hosted on the sidelines of the World Government Summit in Dubai, the Georgian Government Administration said. Garibashvili arrived in the United…
The European Commission (EC) has downgraded predicted Polish GDP growth in 2023 from 0.7% to 0.4%. “Elevated inflation and low consumer and business confidence are expected to keep weighing on economic growth in the coming quarters,” the EC wrote on February 13 in its Winter 2023 Economic Forecast. “In particular, declining real incomes amid an…
On February 6-12, the Customs Service collected over 624.03 million lei (about 31.2 million euros) to the state budget. According to the Customs Service, private people brought goods with customs value exceeding the non-taxable limit, and payments totaling over 17.9 million lei were collected, which represented 2.9% of the total amount. The money collected from…