Ukraine’s sufficient exports to global markets will be a significant anti-crisis tool amid the global price crisis, which Russia is trying to provoke. The relevant statement was made by Ukrainian President Volodymyr Zelensky in a video address. According to the President of Ukraine, an important decision of the European Union is being prepared now. The…
Poland’s central bank had at its disposal the equivalent of $166 billion at the end of 2021, up six-fold compared to 2020 and almost doubling over the last decade, the National Bank of Poland (NBP) wrote in a statement on April 28. The NBP said that Poland held a “high” – 20th – position in…
Strengthening governance and financial resources of the self-governing units in Georgia and the development of regions in the country are the “key strategic goals” of the 2022-2023 Action Plan for Decentralization Strategy of the Government, Levan Davitashvili, the Georgian Economy Minister, said on April 28. Following the second session of the Governmental Commission on Decentralization,…
It’s possible Latvian gross domestic product (GDP) may have increased by 4.3-5% in the first quarter when compared to the same period of 2021, according to analysts of Latvian banks. Citadele Bank economist Martins Abolins said in Q1 Latvia’s GDP growth in comparison to Q1 2021 might have been 4.5-5%. When compared to Q4 2021,…
A little over half of Lithuanians consider themselves “middle class”, according to a new survey. The figure is down from the previous poll two years ago. To be comfortably-off, Lithuanians would like their incomes to be considerably higher. In the survey commissioned by Swedbank, 55% of the respondents classified themselves as middle class (over 60%…
Ukrainian Prime Minister Denys Shmyhal has named three possible sources of finance for a recovery fund for Ukraine after the war. “There are three possible sources of finance for the recovery fund for Ukraine,” Shmyhal said. According to him, one is Russian assets, now frozen in the West, which are believed to total at least…
Councilors in the capital have made changes to Chisinau City Hall’s budget in terms of revenue and expenditure. The interim head of the General Finance Directorate of the Chisinau City Hall, Olesea Psenitchi, requested during a meeting of the Chisinau Municipal Council on April 27 to make changes to the capital’s budget. Thus, the revenues…