Georgian Prime Minister Irakli Garibashvili and Yasushi Kinoshita, the Chairman of the Development Bank of Japan, met on May 24 as part of the World Economic Forum in Davos to discuss the recently signed business agreement between the two states, the Government Administration said. At the meeting, Garibashvili and Kinoshita reviewed the agreement on liberalisation,…
The European Union together with Ukraine will create a financial platform of reconstruction that will help Ukraine rebuild critical infrastructure after devastating Russia’s aggression and pave the way for a European future through key economic, legal and social reforms. “That is the short term. But much more needs to be done. With the same resolve,…
Mateusz Morawiecki, the Polish prime minister, in Davos, praised the rate of Poland’s economic development and said that the country was aiming to speed it up. “Poland is a developed economy and we still have an appetite for further growth. And we are ready to accelerate the pace even more,” he told a discussion panel…
Poland recorded a PLN 9.2-billion (EUR 2-billion) state budget surplus after the first four months of 2022, the finance minister indicated. This compares to a PLN 0.3-billion (EUR 65-million) deficit in Q1, Magdalena Rzeczkowska wrote in a comment on May 24. “In April, state budget revenues rose by 4.3% YoY or by around PLN 2…
Euribor, an interbank lending rate that affects interest payments, is set to rise by 1% this year, by 2% in 2023 year and remain at a similar level at least until 2032. According to the Bank of Lithuania, the Euribor hike is expected in mid-summer. It will be felt by almost all residents of the…
Since the start of the full-scale Russian invasion of Ukraine, the European Union has provided a total of EUR 4.5 billion in financial support to Ukraine, Deputy Head of the Office of the President Ihor Zhovkva has announced. “The total amount of assistance that the European Union has provided since the launch of Russia’s open…
Moody’s has downgraded the Government of Ukraine’s foreign and domestic currency long-term issuer ratings and foreign currency senior unsecured debt ratings to Caa3 from Caa2. Moody’s has also changed the outlook to negative from ratings under review, concluding the review for downgrade that was initiated on February 25, reads the report released on the agency’s…