The World Bank expects that Ukraine’s GDP growth in 2023 will reach 0.5% after a sharp drop to almost -30% last year after Russia’s full-scale invasion. This is stated in the conclusions of the World Bank’s economic review. “Ukraine’s economy is projected to grow by 0.5% this year, following a staggering contraction of 29.2% in…
Poland’s inflation is rapidly falling from its record-high level in line with the National Bank of Poland’s (NBP) projections, the NBP head has said. Adam Glapinski held a press conference on April 6 following the NBP’s Monetary Policy Council’s April 5 decision to keep all interest rates unchanged for the seventh month running, with the…
Since the launch of the eRobota programme, the Diia portal has received 22,912 applications for grants in various areas. The most popular category, “Own business”, allows applicants to receive between UAH 50,000 and 250,000 to start or expand a business. In particular, more than 20,318 applications were received for such microgrants. Kyiv has the highest…
Despite the war, Poland’s trade turnover with Ukraine is at an all-time high, Andrzej Duda, the president of Poland, said during a Polish-Ukrainian Economic Forum held in Warsaw on April 5. “Before the war, more than a thousand Polish companies operated in Ukraine, and hundreds of thousands of Ukrainian companies operated on the Polish market,…
Ukraine will use IMF funds to finance priority expenditures, including pensions, social benefits and salaries for teachers and doctors. Ukrainian Prime Minister Denys Shmyhal said this at a government meeting on April 4. “The IMF approved a $15.6-billion financing program for Ukraine. The first tranche of $2.7 billion has already been transferred to the state…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%. The National Bank of Poland’s Lombard rate remained at 7.25%, the rediscount rate at 6.80% and the discount rate at 6.85%, the RPP announced after its sitting on April 5. The RPP also left the deposit…
Georgian Economy Minister Levan Davitashvili on April 5 reviewed bilateral cooperation with Edmondo Cirelli, the Deputy Minister of Foreign Affairs and International Cooperation of Italy, at a meeting in Tbilisi. The ministry said the officials discussed ties in trade, investments, agriculture, transport and logistics, energy, tourism and other fields, and praised the “fruitful cooperation” in…