Some UAH 685 billion worth of cash was in circulation as of April 1, the National Bank of Ukraine reported. In particular, this is almost 3.1 billion banknotes totaling UAH 679.8 billion, as well as almost 14.1 billion coins (excluding commemorative and investment) in the amount of UAH 5.09 billion. This is UAH 57.4 billion,…
The Polish state-owned natural gas giant PGNiG has appealed to the Court of Justice of the European Union (CJEU) against the General Court of the EU’s rejection of Poland’s charges versus Gazprom. In February, the General Court of the EU rejected charges against a 2018 settlement between the European Commission (EC) and Russian oil and…
In February, the number of foreign and resident visitors comprised 88.3 thousand, up 2-fold YoY, but down by 43.4% from before the beginning of pandemic in February 2020. As compared to February last year, the number of nights spent by visitors comprised 163.3 thousand, up by 91.1%. In the two months of the year, the…
More than 250 production facilities have already been relocated from the war zone to other regions under the state program. Of them, 121 facilities already work. “More than 250 production facilities have already been relocated to other regions under the state program. Of them, 121 companies are already fully operational in the new location, while…
Donald Tusk, leader of Poland’s main opposition party Civic Platform (PO), has suggested a package of solutions to help society weather rising prices, interest rate increases and shrinking savings. Poland’s inflation reached 10.9% YoY in March despite the seventh rate hike in a row by the central bank, which pushed the reference interest rate up…
The value of the Polish e-commerce market reached PLN 111 billion (EUR 23.9 billion) in 2021, of which 56% were goods and 44% services, the PMR researcher found. Online sales of services were worth PLN 48.7 billion (EUR billion) in 2021 and are expected to double, to PLN 97 billion (EUR 20.9 billion), until 2027,…
Lithuania’s budget deficit will reach 4.9% of gross domestic product (GDP) this year instead of the previously projected 3.3%, Finance Minister Gintare Skaiste has said. “Considering the revisions and additional expenditure, the budget deficit this year might reach 4.9% of GDP, which will also be due to the increased financing of national defense that has…