Poland’s GDP should rise by 1.6% in 2023 after a 4% growth in 2022 and against a 3.6% forecast earlier, the World Bank has said in a report. “Poland’s economic growth is expected to slow down in 2023 more markedly than initially expected because the continuing war in Ukraine has dimmed prospects of a post-pandemic…
Prime Minister Denys Shmyhal and US Ambassador to Ukraine Bridget Brink discussed further financial support for Ukraine. The Ukrainian prime minister wrote this on Twitter. “Discussed with US Ambassador to Ukraine Bridget Brink steps of further US support for Ukraine. Among them are the following: financial assistance, confiscation of russian assets, recovery of Ukraine. We…
The strengthening of economic cooperation and trade between the countries was discussed during a meeting in Istanbul on October 2. The meeting took place as part of the working visit to Turkey of the Ukrainian delegation – First Lady of Ukraine Olena Zelenska, the Head of the Office of the President Andrii Yermak and First…
The turnover received by the Georgian business sector increased by 31.5% YoY and amounted to GEL 150.4 billion (about $53.25 billion) in 2021, the latest data published by the National Statistic Office of Georgia showed. The value of production generated by the business sector increased by 24.6% and amounted to GEL 57.6 billion (about $20.39…
Poland’s Purchasing Managers’ Index (PMI) rose to 43.0 points in September 2022 from 40.9 points in August, economic researcher S&P Global reported on October 3. Economists polled by PAP predicted the PMI would reach 40.1 points in September. Both manufacturing and new orders contracted in September amid inflation pressure, while business sentiment remained low. Polish…
Polish companies will start to reduce employment costs when they are no longer able to pass rising costs on to consumers, an economist from business lobby Lewiatan has warned. Poland’s Purchasing Managers’ Index (PMI) rose to 43.0 points in September 2022 from 40.9 points in August, economic researcher S&P Global reported on October 3. In…
The Lithuanian Defence Ministry seeks that almost $3 million contributed by the country to a NATO trust fund aimed at supporting Afghanistan’s security forces be transferred to Ukraine. The Cabinet is expected to adopt the respective protocol decision this week. According to the ministry, $2.876 million (2.94 million euros) contributed by Lithuania to the NATO-run…