Adam Glapinski, governor of the National Bank of Poland (NBP), has assessed that amid inflation forecasts it has become unlikely that the Monetary Policy Council (RPP), NBP’s rate-setting body, will increase interest rates. “Taking into account the results of the inflation projection, one might say that further hikes are becoming increasingly less likely,” Glapinski wrote…
The downward trend of inflation in the Georgian economy will continue in case of absence of further shocks, Archil Mestvirishvili, the Vice President of the National Bank of Georgia, has said. Mestvirishvili said the domestic economy passed the peak of inflation in 2021, noting expectations were influenced by exchange rate and inflation dynamics. “Higher salary…
Ukrainian agricultural producers need about UAH 40 billion to carry out the spring sowing campaign. The relevant statement was made by Deputy Chairman of the Ukrainian Agrarian Council Denys Marchuk. Marchuk mentioned that Ukrainian farmers would need significant financing, i.e. about UAH 40 billion, to carry out the spring sowing campaign. Thus, it is important…
Small and medium enterprises in the Republic of Moldova will have access to a low-interest credit fund, supported by the state. The regulation on the activity of the Fund for Entrepreneurship and Economic Growth of Moldova (FACEM) was published on March 14 in the Official Journal. Through this new program, businesses in strategic and priority…
Seventeen units of insignificant amounts of individual state aid were issued in Georgia in 2022 for a total amount exceeding GEL 30 million ($11.63 million), the National Competition Agency of Georgia announced on March 14. The body made the report as part of its annual statistical update on the types of aid that involved granting…
More Polish firms plan to hire more staff than fire in the second quarter of this year, according to a survey published on March 14. In its report the ManpowerGroup HR also wrote that the majority of firms expected to make no changes to the number of their employees. It found that 28% of firms…
Director of the European Department at the International Monetary Fund (IMF) Alfred Kammer says that there is possibility for Moldova to get out of the current crisis earlier than the rest of Europe. In his statements made at the end of his three-day visit to Chisinau, the official noted that Moldova had been hit by…