The Head of Mission of the US Agency for International Development (USAID) Moldova, Scott Hocklander, and Minister of Finance Dumitru Budianschi signed Amendments to the 2016 Assistance Agreements, supplementing the USAID budget for development programs in the Republic of Moldova with an additional amount of $63 million. The funds are offered by USAID to support…
Fitch Ratings has upgraded Ukraine’s Long-Term Foreign-Currency Issuer Default Rating to CC from RD (restricted default). As the agency explained, the upgrade followed the execution of consent solicitation on August 11 to restructure external debt. “Near $6 billion of principal and interest on Ukraine’s Eurobonds has been deferred by 24 months, alleviating external debt servicing…
A total of 710 businesses have been relocated in Ukraine since the relocation program was launched, and 500 of them have already resumed operation. The relevant statement was made by Ukrainian Economy Deputy Minister Oleksandr Hryban during a nationwide telethon. “Today, we have registered 1,796 requests from businesses. 710 enterprises have already been relocated, and…
An economic slowdown is to be expected in the second half of the year, the Polish Economic Institute (PIE), a government think-tank, said on August 17 citing the latest figures from the Central Statistical Office (GUS). Poland’s statistical office GUS reported the country’s GDP grew by 5.3% YoY in the second quarter against 8.5% in…
Lithuanian leaders say the country has the right to choose its economic partners, whether it is a state or a region, in response to Beijing’s announcement that it is severing transport ties with Lithuania following its deputy transport minister’s visit to Taiwan. President Gitanas Nauseda’s office said on August 16 that China’s decision to end…
Poland’s Gross Domestic Product (GDP) increased by 5.3% YoY in the second quarter of 2022, the Central Statistical Office (GUS) said in a flash estimate on August 17. Economists polled by PAP expected GDP to rise by 6% YoY. Quarter on quarter, Poland’s GDP fell by 2.3%. In the first quarter of 2022, the country’s…
Over the past week, banks issued UAH 1.2 billion of affordable loans to entrepreneurs. Since the beginning of the “5-7-9 Affordable Loans” program launch, businesses have received 46,400 loans for a total amount of UAH 135.9 billion. Entrepreneurs took the most anti-crisis loans – UAH 59.6 billion, and UAH 28.3 billion – resource for refinancing…