The government adopted an update of the National Plan for the introduction of the euro in Bulgaria. The changes in the Plan were developed and approved by the Coordination Council for the preparation of Bulgaria for membership in the Eurozone, which was co-chaired by the Minister of Finance and the Governor of the Bulgarian National…
Poland’s Monetary Policy Council (MPC), the Central Bank’s rate-setting body, has kept interest rates unchanged. The reference rate remained at 5.75%, the lombard rate at 6.25%, the deposit rate remained at 5.25%, the rediscount rate at 5.8% and the discount rate at 5.85%, the MPC announced after its sitting on November 7-8. Analysts expected MPC…
Polish retail sales went down by 0.4% YoY in September after a 0.1% increase in August, Eurostat, the EU’s statistics agency, reported on November 8. Month on month, retail sales went up by 1%, the agency also said. Retail sales in the eurozone fell by 2.9% YoY in September after a 1.8% decrease a month…
Despite the war and continuous Russian attacks on critical infrastructure objects, Ukraine’s economy began to recover in early 2023. With some upside risk, Ukraine’s GDP may increase by 1-3% at the end of the year. The relevant statement was made by the International Monetary Fund (IMF) in the Regional Economic Outlook, published on November 8.…
The Danish government has approved a new EUR 40-million aid package for Ukraine, with a focus on the city of Mykolaiv and the Mykolaiv region. Mykolaiv Mayor Oleksandr Sienkevych said this in a post on the Telegram messaging app. “Today, Ministers Oleksandr Kubrakov and Dan Jorgensen held the third meeting of the steering committee on…
Poland recorded a 5% unemployment rate in October, which was in line with expectations, the Ministry of Family and Social Policy said. The registered unemployment rate in Poland in October was 5%, unchanged compared to September, according to preliminary data from the ministry. “The following months may bring a slight increase in unemployment, resulting from…
Coface Baltics risk management company reports on its subsidiary’s annual study of the economic situation in Central and Eastern European (CAE) region. 40 Baltic businesses are included in the Top 500 rating: five from Latvia, 13 from Estonia and 22 from Lithuania. This year marks 15 years since the start of the annual Top 500…