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…
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.…