Most Poles have cut their household budgets owing to inflation-driven price hikes, a survey published by the Rzeczpospolita newspaper on September 15 has revealed. According to the NielsenIQ survey, 60% of those polled have reduced their basic expenses, 40% buy only the cheapest products and 32% believe inflation and high prices will remain long after…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 16.1% YoY and by 0.8% MoM in August, the Central Statistical Office (GUS) reported on September 15. The figures are in line with the flash estimate published by GUS on August 31. In July, the prices of consumer goods and services increased by…
Poland has the largest digital economy in Central and Eastern Europe, worth an estimated EUR 44 billion in 2021, according to a new report published on September 14. Until 2023, the country’s digital economy may grow by an additional EUR 78 billion, or PLN 360 billion, and could be worth EUR 123 billion in total,…
Ukraine’s draft state budget for 2023, which was approved by the government on September 13, envisages a monthly deficit of more than $3 billion. That’s according to Ukrainian Prime Minister Denys Shmyhal. “In 2023, our revenues will amount to UAH 1.28 trillion, while expenditures are projected at UAH 2.57 trillion. Accordingly, we estimate the monthly…
Minister of Economy Sergiu Gaibu had a meeting with President of the Polish Development Bank (BGK) Beata Daszynska-Muzyczka on September 13 in Warsaw. They approached areas of mutual interest, as well as opportunities to support Small and Medium Enterprises (SMEs), through accessible and competitive instruments. Sergiu Gaibu welcomed the Polish Bank’s interest in the country…
Several messages of support and openness in providing economic support for Moldova were announced at a meeting between Minister of Economy Sergiu Gaibu and Polish counterpart Waldemar Buda. The two officials discussed the challenges of the period, accentuated by the refugee crisis, the energy crisis, etc. “The last period has been extremely difficult and challenging…
Lithuania’s Tripartite Council, representing the country’s government, employers and trade unions, has failed to reach an agreement on raising the minimum monthly wage from next year and will submit different opinions to the government. “We will propose recording separate opinions, and the government will be asked to make an immediate decision so that businesses can…