Polish medium-sized companies (SMEs) are facing an additional burden from a minimum wage hike, seen at PLN 18.16 billion (EUR 3.84 billion) next year, according to the rationale to a government regulation. Poland’s minimum wage will rise by 15.9% in January 2023, but total growth will ultimately reach 19.6% after the second increase in July.…
Poland’s Harmonised Index of Consumer Prices (HICP) rose to 14.8% YoY in August, against a 14.2% growth in the previous month, Eurostat, the European Union’s statistics office, reported. Month on month, prices increased by 0.8%, Eurostat data showed. HICP is calculated according to uniform Eurostat methodology. According to Poland’s Central Statistical Office (GUS), prices of…
Representative of the Cabinet of Ministers in the Verkhovna Rada, Taras Melnychuk, revealed some indicators of the draft state budget for 2023, which was registered by the government in the parliament. “When developing the draft law “On the State Budget of Ukraine for 2023″, a moderately conservative scenario of the macroeconomic forecast was used to…
Average monthly nominal earnings in Georgia increased by GEL 213.3 (about $75) in the second quarter of 2022 compared to the same period of the previous year, marking a 16.1% increase, to GEL 1.541 (about $544), the national statistics office of Georgia said on September 15. The highest monthly earnings were observed in the following…
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,…