Poland’s rate-setting body said on October 5 its decision to put interest rates on hold was due to a forecast decline in economic growth and consumer demand, which should help to reduce the record-high inflation. In a statement issued after its decision to put all interest rates on hold in October, which broke the one-year-long…
Lithuania has decided to use almost $3 million earmarked for Afghanistan’s security forces to buy warm clothing for Ukrainian soldiers and help meet other needs. On October 5, the government decided to take back $2.876 million (2.94 million euros) contributed by Lithuania to the NATO-run Afghan National Army (ANA) Trust Fund. “Since $2.876 million have…
More than 800 Ukrainian citizens were employed in the Republic of Moldova, 50 more than in early September. According to the National Employment Agency (ANOFM), most people are employed in Chisinau (599), followed by Balti (27), Ungheni (19), Cahul (17), etc. According to employers’ notifications, citizens of Ukraine take jobs in the following professions: programmer,…
Following the double-digit growth of the Georgian economy in the first eight months of the year, the World Bank has raised its 2022 economic growth forecast for the country from the previously projected 5.5% to 8.8%, the highest in the Europe and Central Asia region. The update comes in the institution’s update for the region,…
Poland’s inflation rate is likely to fall in 2023, a deputy finance minister has said. Artur Sobon said on October 5 that the 2023 budget was based on an average annual CPI (Consumer Price Index) assumption of nearly 10% but “forecasting is extremely difficult in these conditions”. He said that some factors, such as an…
Georgian Prime Minister Irakli Garibashvili said the public employment programme for the country’s socially vulnerable individuals, proposed by him late last year, had given jobs to 25,000 people since March. Speaking to the media, the head of the government said the figure was still “not enough”, and that “better communication” was required to better promote…
In January-September, the government borrowings to Ukraine’s state budget general fund came to UAH 749 billion, the Finance Ministry reported. “In January-September, the actual government borrowings to the general fund of the state budget reached UAH 749 billion, or 87% of the target plan,” the report states. A total of UAH 475.6 billion, including UAH…