Bulgaria: wage surge to outpace inflation in 2024

Bulgaria is set to witness wages outpacing inflation at a two-to-one ratio in 2024, according to Allianz Trade’s latest report. Anticipating a 9% growth in wages compared to an expected 4% inflation, the report indicates a slowdown from the 13.5% wage growth projected for 2023. Despite this deceleration, wages are poised to comfortably surpass rising…

Ukraine: government working to launch Ukraine Development Fund and other instruments to attract investment

Despite the war, Ukraine’s economy is growing. Investors are increasingly investing in business in Ukraine. Work is continuing on the Ukraine Development Fund and other instruments to attract investment. This was stated by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, during her speech at the “CEOs for Ukraine” panel discussion…

Poland: core inflation down in December 2023

Poland’s core inflation, excluding food and energy prices, measured 6.9% YoY in December 2023, down from 7.3% recorded in November 2023, Poland’s central bank (NBP) announced in a statement. On a monthly basis, the central bank also said that Poland’s core inflation edged up to 0.3%, up from the flat result 0.0% recorded in November…

Ukraine: USAID to provide up to UAH 270 million for grain storage program

Under the USAID Agricultural and Rural Development (AGRO) program, Ukrainian enterprises that provide services for processing and storage of agricultural products will receive up to UAH 270 million in co-financing for the development of grain storage capacities, the Ministry of Agrarian Policy and Food reports. “The USAID Agricultural and Rural Development (AGRO) program will support…