The Sejm, the lower house of parliament, on July 22 passed the government’s 2021 budget report and execution of the budget in a 228 to 216 vote with one abstention. According to the report, budget revenues for 2021 came to PLN 494.8 billion (EUR 103.6 billion) against a planned PLN 482.9 billion (EUR 101.1 billion),…
Ukraine’s foreign exchange reserves are expected to decrease to $21 billion until the end of 2022. The relevant statement was made by National Bank of Ukraine (NBU) Deputy Governor Sergiy Nikolaychuk at a briefing. “We expect that the foreign exchange reserves will slightly decrease until the end of the year, approximately to $21 billion. They…
Inflation in Ukraine will exceed 30% in 2022. The head of the National Bank of Ukraine, Kyrylo Shevchenko, said this at a briefing on July 21. “According to our forecast, the growth rate of consumer prices will exceed 30% at the end of 2022,” Shevchenko said. He added that inflation in June rose sharply and…
Poland’s retail sales increased in real terms by 3.2% YoY, but fell by 1.4% MoM in June, the Central Statistical Office said on July 21. Economists polled by PAP expected June’s retail sales to grow in real terms by 6.8% YoY and by 0.7% MoM. In current prices, retail sales increased by 19.9% YoY in…
Poland’s debt increased by PLN 11.5 billion (EUR 2.41 billion), or by 1%, in June from the month before and reached PLN 1,179 billion (EUR 247 billion), the Finance Ministry reported. The share of foreign currency debt in the total sum reached PLN 263.5 billion (EUR 55.26 billion), or 22.3%, while debt in the domestic…
The National Bank of Ukraine has predicted that Ukraine’s economy will contract by a third in 2022. NBU Governor Kyrylo Shevchenko said this at a briefing on July 21. “Ukraine’s economy will shrink by a third in 2022, but if the Black Sea ports are unblocked, it will return to growth in 2023-2024,” Shevchenko said.…
Poland’s average corporate gross monthly wage rose by 13% YoY, to PLN 6,554.87 (EUR 1,375) in June, the Central Statistical Office (GUS) said on July 20. In monthly terms, the average wage rose by 2.4%. Economists polled by PAP expected a 13.3% annual increase in the corporate wage in June and a 2.7% monthly growth.…