Poland should invest in improving productivity in order to maintain a high growth rate, the World Bank said in a report on May 11. The Polish economy’s growth rate has been one of the highest in the world over the past 30 years, the World Bank has said. However, in order for the country to…
The Government will submit to the Verkhovna Rada bills that provide for a moratorium on tariff increases for the period of martial law and 6 months after its termination, the Prime Minister Denys Shmyhal has announced. “Tariffs for gas and its distribution, as well as for heat and hot water will remain in place. In…
Up to one in three Poles are now actively looking for a new job, according to a new poll published on May 10. The poll, carried out by the employment services company Pracuj.pl, found that 36% were looking for a new employer. More than half of the respondents in this group (51%) were aged 18-24.…
The European Bank for Reconstruction and Development (EBRD) has revised down Poland’s projected GDP growth in 2023 to 3.5% from 4.5%, according to the EBRD’s latest report. At the same time, the EBRD has maintained its forecast for Poland’s 4% GDP growth this year. According to the report, the downside risks related to geopolitical uncertainty…
Boosted by sales of mineral fuels and electricity, Estonia’s imports and exports reached a record high in March, growing by more than 30% YoY, data from Statistics Estonia showed. In March, exports increased by 35% and imports by 31% compared to March 2021. Compared to the first quarter of last year, exports grew by 30%…
Ukrainian Prime Minister Denys Shmyhal and President of the European Council Charles Michel have checked the current situation at Odesa Sea Port and coordinated joint steps to resolve the issue of Ukraine’s agricultural exports. The relevant statement was made by the Government portal. Shmyhal stressed that the world was already feeling the effects of the…
At the end of April 2022, the number of idle enterprises reduced to 17% compared to 32% at the beginning of Russia’s full-scale invasion of Ukraine. The relevant statement was made by the National Bank of Ukraine (NBU) in the monthly macroeconomic and monetary overview. “The number of idle enterprises reduced almost twofold compared to…