The Verkhovna Rada of Ukraine has approved at second reading and in its entirety the law “On the State Budget of Ukraine for 2023”. A total of 295 MPs voted for the relevant document, the Telegram channel of MP Yaroslav Zhelezniak says. In 2023, state budget revenues are projected at UAH 1.3 trillion and expenditures…
Poland’s Gross Domestic Product (GDP) increased by 8.6% YoY in the first quarter and by 5.8 % in the second quarter, the Central Statistical Office (GUS) said on November 3. GUS adjusted the figures upwards from the previous estimates of 8.5% in Q1 and 5.5% in Q2. (The First News/Business World Magazine)
Poland’s seasonally adjusted unemployment rate remained unchanged from the previous month at 2.6% in September, Eurostat, the EU’s statistical office, reported on November 3. The number of unemployed edged up to 448,000 in September from 444,000 in August, Eurostat also said. According to Eurostat, the unemployment rate in the eurozone countries, according to seasonally adjusted…
The United States Agency for International Development is launching a five-year programme designed to create jobs and improve livelihoods of people living in over 90 communities along the administrative line separating the Russia-occupied regions from the rest of the country. The organisation said the $24-million initiative would aim to help residents in realising “their full…
Poland’s GDP will contract by 0.2% YoY in 2023, according to the credit ratings agency Moody’s. In a report published on November 1, Moody’s wrote the contraction would stem from a decline in domestic demand and the troubles of Poland’s main trading partners filtering down to affect the Polish economy. “While we expect Poland to…
The budget of the EU4Moldova project, meant for strengthening the capacity to respond to the COVID-19 emergency situation in the public health sector and the institutional capacity for the implementation of the Association Agreement, will be increased by 138,328 euros. The Cabinet, at a meeting on November 2, approved the draft on starting negotiations and…
Koba Gvenetadze, the governor of the national bank of Georgia, on November 2 said the financial institution expected domestic inflation to begin to decline from February and approach the target level in the second half of 2023. Gvenetadze warned if inflation exceeded expectations, the development would lead to a wage-price spiral – a prolonged loop…