Poland: manufacturing costs boost inflation

Poland’s high inflation in recent quarters has been fuelled by rising manufacturing costs owing to growing prices of oil and gas as well as government decisions, the Polish Chamber of Commerce (KIG) has said. Core inflation, which excludes the prices of food and energy, reached 6.9% YoY in March, the National Bank of Poland (NBP)…

Ukraine: new economy to be built after war

The Government supported the draft law designed to ensure the free circulation in Ukraine of goods that meet the requirements for the safety of EU non-food products. This was announced by Prime Minister Denys Shmyhal. “Our main goal is a European future, European standards in everything. After the war, we plan to build a new…

Poland: core inflation rate up in March 2022

Poland’s core inflation, excluding the prices of food and energy, measured 6.9% YoY in March, up from 6.7% in February, the National Bank of Poland (NBP) said on April 19. Core inflation, excluding fixed prices, amounted to 10.6% in March, up from 8% in the previous month. Core inflation, excluding the most volatile priced items,…

Georgia: external trade up in Q1 2022

Turkey ($562.4 million), China ($461.9 million) and Russia ($383.3 million) were the top trading partners of Georgia in its total external trade turnover in January-March, preliminary data from the National Statistics Office of Georgia showed. Georgia’s top partners by exports in January-March were China ($220 million), Azerbaijan ($125.4 million) and Russia ($109.8 million), while the…

Moldova: national public budget increased

The 2022 state budget expenses have been increased by 6.9 billion lei and the revenues – by 2.69 billion lei. The amendments are contained in the rectified draft of the laws on the national public budget, approved at a Cabinet meeting on April 19, the government’s communication and protocol department reported. According to Prime Minister…

Ukraine: inflation to reach 10-20% in 2022

Inflation in Ukraine will reach 10-20% this year. Ukrainian presidential adviser Oleh Ustenko said this during a national telethon. “I believe that inflation will be between 10% and 20% this year. This is a significant inflation, but I hope that if the war stops soon enough, the situation will develop in a positive way and…