While annual inflation in Georgia has “passed the peak” and is on a downward trend, the country’s National Bank (NBG) will pursue a “tight monetary policy” throughout the year to “reduce the risk of rising inflationary expectations” in the medium term. The NBG made the statement following the decision of its Monetary Policy Committee to…
The Government has set up an Interagency Working Group on Accelerated Deregulation. It has already presented its first recommendations – to cancel 47 licenses and permits under the jurisdiction of the Ministry of Economy, Prime Minister Denys Shmyhal announced during a Government meeting on January 31. “These are the rules governing the export and import…
The International Monetary Fund (IMF) has lowered Poland’s Gross Domestic Product (GDP) growth forecasts for this year and next. According to the IMF’s World Economic Outlook report published on January 30, Poland’s GDP is currently expected to grow by 0.3% in 2023, down from 0.5% predicted in the previous report issued in October 2022. In…
Georgian Economy Minister Levan Davitashvili on January 31 said the “positive trends” of the country’s economic growth from 2022 were expected to be maintained this year due to its multifaceted form over the past 12 months. The ministry cited Davitashvili as pointing to the 11% growth in December 2022 and a 10.1% increase over the…
Polish economic growth will slow to 0.5% in Q1, a government-sponsored think-tank has forecast. Poland’s Gross Domestic Product (GDP) increased by 4.9% YoY in 2022, the Central Statistical Office (GUS) reported. This year, however, economists expect the growth will decline significantly. “Owing to a mild winter, we are not observing a reduction in industrial activity,”…
The Georgian economy grew by 11% in December 2022 and 10.1% over the past year, the latest data from the National Statistics Office of Georgia showed. The estimated real growth was observed in sectors including construction, manufacturing, transportation and storage. It was also observed in financial and insurance activities, trade, hotels and restaurants, while decline…
An annual report by the European Bank for Reconstruction and Development on Monday said the institution offered a total of EUR 218 million to Georgia in 2022, with investments ranging from healthcare to energy efficiency and from financing for small and medium-sized enterprises to credit lines to local banks and trade. Catarina Bjorlin Hansen, the…