Poland’s foreign direct investments (FDI) in Ukraine are expected to increase to $30 billion in the coming five years, a Polish government think-tank has indicated, adding that this will be a nearly 30-fold rise. In 2021, Poland’s FDI totaled $1.2 billion, according to data from the National Bank of Poland (NBP). The Polish Economic Institute…
The National Bank predicts a slowdown in inflation to 18.7% in 2023. This will be facilitated by continued tight monetary conditions, a decrease in global inflation and weak consumer demand amid power outages. That’s according to the National Bank Governor, Andriy Pyshnyi, who spoke at a briefing on January 26. According to the NBU, in…
In Poland, remote work allows employees to save an average of 54 minutes a day, according to Polish Economic Institute (PIE) analysts. “This is the second lowest result among the 27 countries surveyed – three minutes more than in Serbia and one minute less than in the US,” according to data quoted in the January…
PKN Orlen, Poland’s leading oil and gas company, has signed a 20-year contract with the American company Sempra Infrastructure for the delivery of 20 million tons of liquefied natural gas (LNG). Under the deal, Sempra Infrastructure will deliver 1 million tons of LNG every year for twenty years, Orlen CEO Daniel Obajtek said at a…
Galt & Taggart, a Georgia-based company for investment banking and management services, has forecast the country’s tourism revenues to increase by 15% YoY and reach $4 billion in 2023 in its Tourism Market Watch update released on January 25. The release said Georgia’s tourism revenues stood at $363.3 million in December 2022, up 2.9-fold YoY…
Reconstruction of Ukraine should affect all sectors of the economy at once – from transport, social and housing infrastructure to deep economic modernization and ensuring a favorable microclimate for business. The Government of Ukraine has approved a National Economic Strategy until 2030, which is to be implemented, among other things, with ongoing international support. This…
Prime Minister Natalia Gavrilita has participated in an event dedicated to the marking of five years of work of the Investors’ Association from Romania (AIR). In her speech, the PM stressed the role of Romanian entrepreneurs in the deepening of the bilateral commercial relations on the two banks of the Prut River, as AIR was…