G7 finance ministers pledged additional support to Ukraine exceeding $24 billion for 2022 and beyond, adding that they were prepared to do more as needed. In a statement, the ministers said they regretted Russia’s participation in international forums, including G20, International Monetary Fund and World Bank meetings this week. “International organizations and multilateral fora should…
Poland’s industrial output rose by 17.3% YoY in March, the Central Statistical Office (GUS) reported on April 21. Month on month, industrial output increased by 18.2%. Economists polled by PAP expected March’s manufacturing to grow by 12.3% YoY and by 13.6% MoM. Seasonally adjusted industrial production went up by 17.2% YoY and by 2.1% MoM…
Nearly 77,000 Ukrainian nationals have found employment in Poland since February 24, when Russia invaded their country, data from the Family and Labour Ministry showed. The Polish government has granted Ukrainian refugees 18-month residency permits and allowed them to take up jobs as well as given them access to healthcare, education and welfare schemes. About…
Ukraine hopes that reparations to restore its infrastructure after the war will be paid, including at the expense of the assets of the Russian Federation frozen abroad. “Of course, we count on frozen Russian assets as part of reparations,” Minister of Finance of Ukraine Serhiy Marchenko said. He also noted that the proceeds for the…
On April 21, World Bank President David Malpass and International Monetary Fund (IMF) Managing Director Kristalina Georgieva will meet with Ukrainian Prime Minister Denys Shmyhal and Ukrainian Finance Minister Serhii Marchenko to discuss further financial aid. “We’re going to have an important meeting on April 21, where we’ll talk with Ukraine’s prime minister and the…
The ruling coalition in Latvia has reached a conceptual agreement in favour of the proposal from the Ministry of Welfare to perform pension indexation earlier this year, as confirmed by Prime Minister Krisjanis Karins. According to the politician, this will be part of the promised aid to half a million Latvian residents who “truly need”…
On the sidelines of a working visit to the United States, Deputy Prime Minister Nicu Popescu, Minister of Foreign Affairs and European Integration attended a roundtable discussion with representatives of the American-Central European Business Association (ACEBA). According to the MAEIE press service, Popescu expressed the country’s interest in strengthening economic and investment relations with ACEBA…