More than 14,600 Polish companies were written off the official registry in August, up by 6.9% MoM, the Central Statistical Office (GUS) reported. However, as many as 32,434 new companies were registered in August and the number was 4.5% higher compared to July, GUS said. There were about 619,400 companies with suspended operations as of…
Inflation will remain at a high level in the coming months but it should soon start declining owing to a drop in the annualised growth of energy prices, Adam Glapinski, governor of the National Bank of Poland (NBP), has said. Glapinski made the statement at a press conference on September 8, which followed the central…
The Ministry of Economy of Ukraine predicts a slowdown in GDP growth in 2022 to 33.2%, confirmed by the trends observed in the second quarter and August. On September 8, the State Statistics Service of Ukraine published data noting the GDP decline in the second quarter amounted to 37.2% (compared to the second quarter of…
Foreign direct investments in Georgia totaled $351.8 million in the second quarter of 2022, up by 9.1% YoY, the National Statistics Office of Georgia reported in its latest figures on September 8. Geostat said an increase in equity, reinvestment of earnings and debt instruments had been the main reason for the growth in FDI, with…
MPs convened at an extraordinary session adopted in the second reading amendments to the State Budget Law for 2022. The document was voted by 53 MPs. Following the amendments, the revenues of the state budget for this year increase from 52.701 billion lei to 57.971 billion lei (+10%) and the expenses – from 72.087 billion…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, increased the reference interest rate by 25 basis points, to 6.75% on September 7. The National Bank of Poland’s lombard rate was raised from 7.00% to 7.25%, the rediscount rate from 6.55% to 6.80% and the discount rate from 6.60% to 6.85%. At the…
Kaunas Mayor Visvaldas Matijosaitis says that selling off the Russian operations of his company is taking more time than expected. Matijosaitis is an owner of Viciunai Group, a major Lithuanian food production company. Viciunai Group’s owners and managers have been promising to sell their business in Russia ever since Moscow’s invasion of Ukraine in late…