The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, increased the reference interest rate by 25 basis points, to 6.75% on September 7. The National Bank of Poland’s lombard rate was raised from 7.00% to 7.25%, the rediscount rate from 6.55% to 6.80% and the discount rate from 6.60% to 6.85%. At the…
Kaunas Mayor Visvaldas Matijosaitis says that selling off the Russian operations of his company is taking more time than expected. Matijosaitis is an owner of Viciunai Group, a major Lithuanian food production company. Viciunai Group’s owners and managers have been promising to sell their business in Russia ever since Moscow’s invasion of Ukraine in late…
European partners of Ukraine commended the positive pace of reforms in recent months, in particular, the implementation of the seven points that had been determined when Ukraine had been granted the status of a candidate for EU membership. This was noted by Prime Minister Denys Shmyhal at the Government meeting on September 7. “During the…
The complete recovery of Ukraine after the victory in the war unleashed by Russia will be the largest economic project in Europe, which can currently be estimated at more than $1 trillion. “The general project of Ukrainian reconstruction will be the largest economic project in Europe of our time. The largest for several generations. Its…
People registered as unemployed will benefit from vocational training vouchers. The government has approved a decision on the matter. Vouchers will be offered by the National Employment Agency (ANOFM) and will be used by unemployed people to enroll in qualification, retraining or continuous training courses. These will represent the counter value of the cost of…
XY Partners, a business accelerator announces the opening of applications for the fifth edition of the Program dedicated to startups, XY Accelerator. The program will be held on September 12 – December 13 and aims to train entrepreneurs in business development. According to the organizers, during the three months of the program the team of…
In the assumptions for next year’s budget, the Polish government forecasts unemployment to grow by 1%, the minister for family and social policy has said. Marlena Malag was asked on public radio on September 7 whether unemployment would remain at its current level. On September 6, she said August’s jobless rate stood at 4.9%, the…