Polish retail sales went up by 8.4% YoY in September after an 8% increase in August, Eurostat, the EU’s statistics agency, reported on November 8. Month on month, retail sales went up by 1.4%, the agency also said. Retail sales in the eurozone fell by 0.6% YoY in September after a 2% decline a month…
Georgian parliament speaker Shalva Papuashvili on November 8 met with representatives of Tokyo Electric Power Company and Itochu Corporation to promote Georgia’s investment and transit potential. At the meeting with Masaki Honda, the managing director of TEPCO, Papuashvili welcomed the purchase of a 31.4% stake in the Georgian company Dariali Energy by TEPCO Renewable Power,…
Poland’s GDP growth will come to about 1% in 2023, Pawel Borys, the head of the state development fund, PFR, has said. “Undoubtedly, we are a competitive economy with an improving infrastructure, an attractive country to locate investments, with high potential for productivity growth, which translates into good GDP growth parameters,” Borys told a corporate…
Poland’s unemployment rate likely stood at 5.1% in October, unchanged from September, according to an estimate by the Labour Ministry. Labour Minister Marlena Malag said on November 8 that the data showed that the economic slowdown had not yet affected the labour market. “We still have 5.1% after the correction, which is lower than in…
Income inequality and the huge value-added tax (VAT) gap are the major problems in Lithuania, Munawer Khwaja, a World Bank tax expert, has said. “Income inequality is one of the highest in Lithuania. Another big problem is the VAT gap, which is the third highest among the EU countries. Only Italy and Greece have a…
The international reserves of Ukraine increased by 5.5%, amounting to $25.24 billion as of November 1, according to preliminary estimates of the National Bank. “As of November 1, Ukraine’s international reserves amounted to $25,244.2 million, according to tentative data. They increased by 5.5% thanks to stable inflows from international partners and a decrease in the…
Georgian authorities and the International Monetary Fund have reached a staff-level agreement on policies for completion of the first review of the stand-by arrangement following “productive discussions” between the parties, which will allow the organisation to allocate $38 million for the country, the IMF announced on November 7. The fund’s mission visited Georgia on October…