Poland’s macroeconomic policy should just focus on bringing down inflation so it hits the central bank’s target, a member of the rate-setting Monetary Policy Council (RPP) has told an economic forum in Warsaw. Inflation in Poland came to 17.2% in January, well above the target rate of 2.5%, plus/minus 1%. “What should happen, and happen…
The euro area’s annual inflation slowed to 8.5% in February, with Latvia clocking the highest annual inflation for the month at 20.1%, followed by Estonia at 17.8% and Lithuania at 17.2%, according to a flash estimate published by Eurostat on March 2. The euro area’s overall annual inflation slowed somewhat from 8.6% in January to…
Poland’s seasonally-adjusted unemployment rate went down to 2.8% in January from 2.9% in December 2022, Eurostat, the EU’s statistical office, reported on March 2. The number of unemployed edged down to 480,000 in January from 494,000 in December 2022, Eurostat also said. According to Eurostat, the unemployment rate in the eurozone countries, according to seasonally…
Infrastructure damaged by heavy precipitation and floods in the northwestern Georgia’s Samegrelo-Zemo Svaneti region in January will be repaired in an effort involving a budget of GEL 130,000 ($49,913), the office of the regional State Representative said on March 2. The body said the efforts in Tsalenjikha municipality would include repairs to a collapsed section…
The high level of core inflation in Poland rules out the possibility of interest rates being cut this year, analysts at a government think tank, the Polish Economic Institute (PIE), have said. “The long period of high inflation also affects the activities of the NBP (National Bank of Poland),” PIE wrote. “We estimate that core…
The monetary base in Azerbaijan amounted to 17.2 billion manats ($10.1 billion) as of February 28, which was 23.69% or 3.3 billion manats ($1.9 billion) more than in the same period of 2022, the Central Bank reported. According to the bank, the monetary base increased by 2.15% or 363.8 million manats ($214 million) compared to…
On February 27, the first e-auctions for the sale of amber were held on the Prozorro.Sale platform, which brought the organizers a total of UAH 1 million, state enterprise Prozorro.Sale said in a Facebook post. “Today the first online auctions for the sale of amber through the Prozorro.Sale system were held. Following the results, the…