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…
Georgian economy minister Levan Davitashvili on November 1 said his government could sign a comprehensive economic cooperation agreement with the United Arab Emirates early next year in a bid to strengthen bilateral trade. The ministry of economy quoted Davitashvili on comments made during his visit to the UAE, as part of a Georgian government delegation…
Inflation in Poland could fall to a single-digit level until the end of 2023, the deputy governor of Poland’s central bank has said. Marta Kightley said that inflation was expected to peak over the first months of 2023, to drop visibly starting from March and reach a single-digit value until year’s end. She added that…
Georgian Prime Minister Irakli Garibashvili and Sheikh Mohamed bin Zayed Al Nahyan, the president of the United Arab Emirates, discussed cooperation between the countries and prospects of boosting trade ties and investment at their meeting in Abu Dhabi, the Georgian government’s press office said. Praising the “fruitful cooperation” between the two countries in various fields…
The Cabinet of Ministers of Ukraine has submitted a draft state budget for 2023, prepared for the second reading, to the Verkhovna Rada of Ukraine. The relevant statement was made by Representative of the Cabinet of Ministers of Ukraine in the Verkhovna Rada of Ukraine Taras Melnychuk on Telegram. “The Cabinet of Ministers of Ukraine…
Poland’s inflation is expected to decelerate starting in March 2023, the Polish Economic Institute (PIE), a government think-tank, has said commenting on the latest figures from the Central Statistical Office (GUS). GUS reported on October 31 that Polish consumer prices soared by 17.9% YoY in October on by 1.8% MoM. In its comment, PIE said…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.9% YoY and by 1.8% MoM in October, the Central Statistical Office (GUS) reported in a flash estimate on October 31. Economists polled by PAP Business estimated that October’s CPI would reach 18% YoY and 1.7% MoM. In September, the prices of consumer…