The Polish budget closed September with a PLN 27.5-billion (EUR 5.8 billion) surplus, but the results are expected to drop considerably in the months to come, the Finance Ministry reports. Lukasz Czernicki, the ministry’s chief economist, said that at about PLN 38 billion (EUR 8 billion), September’s budget revenue was about PLN 2 billion (EUR…
The government will not fight inflation by raising unemployment, Mateusz Morawiecki, the Polish prime minister, said in an October 21 interview for the Dziennik Gazeta Prawna (DGP) daily newspaper. Morawiecki thus responded to DGP’s query whether the government should not tighten its fiscal policy to back the Polish central bank, the Monetary Policy Council of…
Lithuania’s Ministry of Education, Science and Sport has allocated funding for Ukrainian athletes who have moved to Lithuania. Funds will be disbursed via Lithuanian sport federations. In total, 81,500 euros have been distributed to the federations representing seven sports. The largest amounts – 20,000 euros and 19,000 euros, respectively – were allocated to the Lithuanian…
Ukrainian President Volodymyr Zelensky has met with representatives of Goldman Sachs, one of the largest investment companies in the U.S. and the world, Executive Vice President John Rogers and Co-Head of the Office of Applied Innovation and President of Global Affairs Jared Cohen. “I really appreciate the fact that such people are not afraid and…
Political and military support for Ukraine should go hand in hand with economic support, this is what will allow it to overcome all the challenges of wartime and ensure stable living conditions for citizens. Yuliia Svyridenko, First Deputy Prime Minister and Minister of Economy of Ukraine, stated this in an online statement at the annual…
Next year’s indexation of Polish old-age and disability pensions will cost the budget PLN 42 billion (EUR 8.77 billion), the family and social policy minister has said. Marlena Malag said that the pensions would be indexed on March 1, 2023. “It is an amount and percentage indexation with a budget of PLN 42 billion,” Malag…
Lithuania’s economy will grow approximately by 1.3 % next year, outpacing other countries, chief economist of the Organization for Economic Cooperation and Development (OECD) has said, calling on the country to continue its reform efforts in order to remain competitive. “There will be a slowdown for sure, but Lithuania’s economy will grow by 1.3% in…