The Council of Europe Development Bank (CEB) will offer Poland a EUR 450-million loan to refinance the country’s current aid for Ukrainian refugees, the Polish Finance Ministry has reported. The loan agreement was signed by the Polish finance minister, Magdalena Rzeczkowska, and CEB governor, Carlo Monticelli, in Warsaw, on June 24. “Poland appreciates the long-lasting…
Lithuanian lawmakers have tightened the existing rules and capped cash settlements between residents and businesses at 5,000 euros, with changes set to come into force in November. Any payments above the cap will only be allowed in a non-cash form. However, cash payments will still be allowed if one party does not have a bank…
The Pension Fund of Ukraine informs that as of June 22 a resource of UAH 45.9 billion has been allocated for pension payments, including UAH 12 billion for the payment of pensions through Ukrposhta JSC and UAH 33.9 billion through authorized banks. Authorized banks credited 100% of the financed amounts to pensioners’ accounts. According to…
Since the full-scale Russian invasion of Ukraine and as of June 15, the total amount of assistance declared and provided to the country by international partners has been $30 billion. That’s according to the June financial stability report by the National Bank of Ukraine. “Ukraine’s partners also provide significant amounts of financial support directly to…
Fees paid by small and medium-sized businesses for card transactions could be capped. An initiative to amend the legislation in this regard was examined on June 22 by the parliamentary committee on economy, budget and finance. The project was worked out by members of the Action and Solidarity Party parliamentary faction, Dumitru Alaiba, Dan Perciun…
Poland’s retail sales increased in real terms by 8.2% YoY, but fell by 1.7% MoM in May, the Central Statistical Office said on June 22. Economists expected May’s retail sales to grow in real terms by 8.1% YoY and drop by 0.1% MoM. In current prices, retail sales increased by 23.6% YoY in May against…
According to the National Bank estimates, GDP will decline by at least a third at the end of the year. “As a result of the war, we expect GDP to decline by at least a third. We expect the inflation rate to speed up and exceed the 20% level,” Deputy NBU Governor Serhiy Nikolaychuk said…