Poland’s record-high bond yields are a result of pressure from financial markets, Mateusz Morawiecki, the Polish prime minister, has said. Poland’s bond yields crossed the 9% mark on October 21, a level last seen more than 20 years ago, prompting the state-run development bank BGK to forgo a planned bond auction as it expected to…
In recent months, the Government has provided the regions with about UAH 5 billion for the reconstruction of infrastructure damaged during military operations. “An additional UAH 300 million was allocated for the reconstruction of Kharkiv city and Kharkiv region and 37 million UAH was allocated for the reconstruction of Kyiv city. In general, in recent…
Poland’s retail sales increased in real terms by 4.1% YoY, but fell by 2.8% MoM in September, the Central Statistical Office reported. Economists polled by PAP expected September’s retail sales to grow in real terms by 4.4% YoY and fall by 2.4% MoM. In current prices, retail sales increased by 21.9% YoY in September against…
The Polish budget closed September with a PLN 27.5-billion (EUR 5.8 billion) surplus, but the results are expected to drop considerably in the months to come, the Finance Ministry reports. Lukasz Czernicki, the ministry’s chief economist, said that at about PLN 38 billion (EUR 8 billion), September’s budget revenue was about PLN 2 billion (EUR…
The government will not fight inflation by raising unemployment, Mateusz Morawiecki, the Polish prime minister, said in an October 21 interview for the Dziennik Gazeta Prawna (DGP) daily newspaper. Morawiecki thus responded to DGP’s query whether the government should not tighten its fiscal policy to back the Polish central bank, the Monetary Policy Council of…
Lithuania’s Ministry of Education, Science and Sport has allocated funding for Ukrainian athletes who have moved to Lithuania. Funds will be disbursed via Lithuanian sport federations. In total, 81,500 euros have been distributed to the federations representing seven sports. The largest amounts – 20,000 euros and 19,000 euros, respectively – were allocated to the Lithuanian…
Ukrainian President Volodymyr Zelensky has met with representatives of Goldman Sachs, one of the largest investment companies in the U.S. and the world, Executive Vice President John Rogers and Co-Head of the Office of Applied Innovation and President of Global Affairs Jared Cohen. “I really appreciate the fact that such people are not afraid and…