According to initial estimates, Poland’s 2021 GDP was valued at PLN 2.62 trillion (EUR 560 billion) the Central Statistical Office (GUS) reported on May 12. GUS said the GDP estimate helped the Finance Ministry determine the size and relation to GDP, of the public debt, the State Treasury debt and outstanding liabilities issued by the…
Poland’s consumer authority has imposed a 5.3-million zloty (EUR 1.14 million) fine on Vinted, a Lithuanian 3.5-billion-euro platform for trading second-hand clothing and items. Vinted “had provided inadequate information regarding the conditions of access to the money earned by sellers on the platform and the possibility of opting out of a paid feature protecting buyers”,…
Several employees of the State Enterprise Moldovan Post Office will have increased salaries starting this month, and the management of the institution claims that it will do everything possible to improve the salary situation for each worker in the structure. “Last week, I met with colleagues in the area. I visited Comrat, Taraclia and Ceadar-Lunga…
This week’s E-smaspaev, Estonia’s semiannual version of Cyber Monday, boosted one-day online shopping turnover more than threefold, according to overviews by payment solutions providers Maksekeskus and Montonio. While people in Estonia typically spend some EUR 5-7 million per day shopping online, on May 9, they spent EUR 15-21 million buying from online stores, Estonian E-Commerce…
The World Bank will disburse an average of $200 million a month for salaries to Ukrainian civil servants and teachers. A total of $1.5 billion will be allocated for this purpose, Deputy Minister of Finance of Ukraine Roman Yermolychev has said. He assured that the Ministry of Finance was constantly looking for alternative sources to…
The Ministry of Finance will start issuing one-year bonds with coupons equal to the National Bank of Poland’s (NBP) interest rate, Mateusz Morawiecki, the Prime Minister, has announced. “The Ministry of Finance is launching a new type of one-year bond based on the NBP’s reference rate, now at 5.25%,” Morawiecki said on May 11. Morawiecki…
The National Bank of Georgia is keeping the refinancing rate unchanged at 11% following a meeting of its Monetary Policy Committee on May 11. The NBG explained that the Russian invasion of Ukraine had created “new risks” for the economy, leading to the decision of the Committee that makes decisions on changes to monetary policy…