The Council of Europe Development Bank (CEB) gave Ukraine the green light to join and allocated funds to support Ukrainian refugees in Europe. “The Council of Europe Development Bank adopted a decision on special conditions for Ukraine to acquire membership in this financial institution as soon as possible. CEB also allocated funds to support Ukrainian…
Consumer inflation in Ukraine in June reached 20.1% in annual terms, up from 18% in May, the National Bank of Ukraine said in its macroeconomic and monetary review for July. According to the report, major factors behind growing inflationary pressure are global trends, including high energy prices, and internal factors, primarily those related to the…
Compared to June 2021, the average level of consumer prices increased by 19.3% in June. The average level of consumer prices was mainly influenced by the rise in prices of goods and services related to housing, food and non-alcoholic beverages, goods and services related to transport, restaurant and hotel services, within the miscellaneous goods and…
Ukrainians in Poland will not take jobs away from Poles and could be a welcome addition to the domestic labour market, the family and social policy minister has said. Marlena Malag said Ukrainians were not a threat to the Polish labour market and could actually help stabilise the economy. She noted that around 300,000 Ukrainians,…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, increased the reference interest rate by 50 basis points, to 6.50% on July 7. The National Bank of Poland’s lombard rate was raised from 6.50% to 7.00%, the rediscount rate from 6.05% to 6.55% and the discount rate from 6.10% to 6.60%. At the…
Ukraine will receive another $20 billion in aid and support from international partners this year. Prime Minister Denys Shmyhal said this during the nationwide telethon on Ukrainian TV channels. “Until the end of the year, we will get about $20 billion more in aid and support from our partners,” Shmyhal said. The Prime Minister noted…
Daikin, a Japanese heat pump and air conditioning company, will build a facility in Ksawerow, central Poland, for EUR 300 million. Mateusz Morawiecki, the Polish prime minister, attended an inauguration ceremony of Daikin’s investment on July 7. The Japanese conglomerate’s first Polish facility will be operational in July 2024. “We want Poland to be a…