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…
As many as 94% of Polish companies have felt the negative effects of Russia’s war in Ukraine, a government think-tank has reported. According to a research carried out by the Polish Economic Institute (PIE), on July 1, 94% of Polish companies felt a “stronger or weaker” impact of the war in Ukraine on at least…
Economics Minister Sergiu Gaibu and World Bank Country Manager for Moldova Inguna Dobraja have signed an agreement, which provides for the financing for the project on Competitiveness of the Micro-, Small- and Medium-sized Enterprises (IMMM) worth $50 million. The project on the competitiveness of IMMM will support the access to financing for enterprises through loan…
Latvia’s Ministry of Economics predicts the national economy will increase by an average of 4.2% a year between 2022 and 2030. Between 2031 and 2040 the average growth of the national economy is expected to reach 3% annually, according to the ministry’s report on the labour market’s medium and long-term outlooks. The report explains that…