As of January 4, UAH 2.7 billion has been allocated for January pension payments, including UAH 1.4 billion for the payment of pensions through JSC Ukrposhta and UAH 1.3 billion – through authorized banks. Authorized banks have credited 100% of the allocated amounts to pensioners’ accounts. In January, 104,000 services were provided to persons who…
Poland’s unemployment rate stood at 5.2% in December 2022, up by 0.1% MoM, according to an estimate by the Labour Ministry. Economists polled by PAP also saw the jobless rate in December 2022 at 5.2%. The number of registered unemployed increased to 813,200 at end-December 2022 against 800,000 at end-November 2022, the Ministry of Family…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%. The National Bank of Poland’s Lombard rate remained at 7.25%, the rediscount rate at 6.80% and the discount rate at 6.85%, the RPP announced after its sitting on January 4. The RPP also left the deposit…
Lithuanian Prime Minister Ingrida Simonyte expects the parliament to start debating the planned tax reform in its spring session. “The Finance Ministry has drafted a good reform model,” Simonyte said. “Last spring, when the situation was uncertain, we said that the reform should be postponed. Now, we see that we can return to this discussion.”…
Poland’s rate-setting body has argued that the 11 interest hikes it has carried out so far should be enough to bring down the consumer price index (CPI) amid weakening global sentiment and inflation falling across major countries. The Monetary Policy Council (RPP) left rates unchanged for the fourth time running on January 4 following 11…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 16.6% YoY and by 0.2% MoM in December 2022, the Central Statistical Office (GUS) reported on January 5. Economists polled by PAP Business estimated that December 2022 CPI would reach 17.3% YoY and 0.8% MoM. In November 2022, the prices of consumer goods…
With the European Central Bank raising interest rates, the real estate market is expected to cool down. However, it may take some time before properties in Lithuania become more affordable, analysts say. Real estate prices have been rising steadily and quite steeply over the last couple of years, with buyers snatching every property on the…