The World Bank has approved an additional financing package totaling $610 million to address urgent relief and recovery needs in Ukraine, as the war with Russia continues. “The package includes an additional $500-million loan from the World Bank’s International Bank for Reconstruction and Development (IBRD) that is supported by a guarantee from Britain,” Reuters said.…
Poland’s average corporate gross monthly wage rose by 13.9% YoY, to PLN 6,857.96 (EUR 1,463) in November, the Central Statistical Office (GUS) said on December 20. In monthly terms, the average wage went up by 2.5%. Economists polled by PAP expected a 12.9% annual increase in the corporate wage in November and a 2% rise…
Poland’s industrial output rose by 4.6% YoY in November, the Central Statistical Office (GUS) reported on December 20. Month on month, industrial output increased by 2.9%. Economists polled by PAP expected November’s industrial production to grow by 2.5% YoY and by 0.4% MoM. Manufacturing prices increased by 20.8% YoY, but fell by 0.5% MoM, GUS…
The IMF Executive Board discussed Program Monitoring with Board involvement (PMB) for Ukraine. It is designed to help Ukraine maintain stability and catalyze donor financing. “The 4-month PMB, which has been approved by IMF Management, is designed to help Ukraine maintain stability and catalyze donor financing amid very large balance of payment needs and exceptionally…
Georgia exported locally produced goods worth $5.03 billion in January-November, up by 31.8% YoY, preliminary data from the national statistics office of Georgia showed. Geostat said local exports in the country had accounted for 67.6% of total exports in the reporting period, amounting to $3.40 billion, up by 21.2%. Georgia’s top trading partners were: China…
The total outstanding debts of Polish consumers grew by PLN 4.9 billion (EUR 1.04 billion) over the twelve months till October and reached PLN 77.4 billion (EUR 16.50 billion), a debt registry reported. According to BIG InfoMonitor and the BIK debtor database, about 2.7 million Poles had problems with paying their debts as of October.…
59% of Poles are planning to spend no more than PLN 100 (EUR 21) on Christmas gifts for a single person this year, a survey has found. 47% of people declared the PLN 50-100 price range and 12% are planning to spend even less than PLN 50, according to a survey by UCE Research and…