The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%, it announced on November 9, despite rising inflation. 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 also left the deposit rate…
Lithuania expects trade with Taiwan to grow after it opened a Trade Representative Office in Taipei on November 7, Economy and Innovation Minister Ausrine Armonaite said. “Clearly, I would like to see higher trade volumes, but it’s only been a year since Lithuania deepened relations with Taiwan, so we expect that once the momentum picks…
Poland’s rate setting council said on November 9 that its decision to put interest rates on hold was based on expectations that the global economic slowdown along with monetary tightening in Poland and abroad would lower inflation towards the central bank’s inflation target. In a statement issued after its decision to keep interest rates level,…
The cooperation in the field of taxation between Georgia and Spain was discussed by the Georgian finance minister Lasha Khutsishvili and his Spanish counterpart Maria Jesus Montero, the Finance Ministry said. The parties expressed readiness to “further deepen” the existing cooperation in the meeting, held within the framework of the 15th plenary meeting of the…
Over 55% of Poles in a United Surveys poll said Poland’s economic situation was bad, 13.6% said it was good, 23.9% described it as neither good nor bad, and nearly 7% could not say, the Dziennik Gazeta Prawa newspaper reported on November 9. The newspaper noted that opinions about the country’s economy differed according to…
Today, almost 2.5 million households receive subsidies from the state. It is expected that this number will increase in the coming months, as people continue to apply for the relevant assistance. This was stated by Prime Minister Denys Shmyhal at the Government meeting on November 8. “The average subsidy is projected to amount to about…
The enterprises, the assets of which have been forcibly transferred into state ownership, should meet Ukraine’s defense needs, and some of them will restore the production capacities that have been lost. The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal at a briefing. “These five enterprises are governed and must fully meet our…