Poland’s Gross Domestic Product (GDP) increased by 5.3% YoY in 2022, the Central Statistical Office (GUS) reported in its corrected estimate on October 5. In April, GUS reported that Poland’s economy grew by 5.1% in 2022. “In accordance with the corrected estimate, Poland’s GDP grew in real terms by 5.3% in 2022,” GUS wrote. “This…
The threshold of the aid de minimis provided by the state to enterprises will increase to the level established by EU. The parliamentary commission for economy, budget and finances will propose the adjusting of the legislation in the field of state assistance to the European Union’s norms. The updating of the threshold of the aid…
The Cabinet of Ministers of Ukraine has approved the redistribution of subventions from the state budget to local budgets to enable the implementation of 33 additional regional recovery projects. The relevant amendments were made to Government Order No. 596-p dated July 4 at the initiative of the Ministry for Communities, Territories and Infrastructure Development of…
The aggregate value of mortgage loan enquiries in Poland increased by 248.8% YoY in September, the Credit Information Bureau (BIK), a credit-scoring agency reported quoting requests for verification sent by commercial and cooperative banks. A total of 36,590 potential borrowers applied for a mortgage loan in September, compared to 13,580 a year earlier, an increase…
Government borrowings to the state budget’s general fund came to UAH 1.2 trillion in January-September. That’s according to the Finance Ministry’s press service. “Actual state borrowings to the state budget’s general fund in January-September 2023 amounted to UAH 1,219.4 billion, or 89% of the plan for this period,” the report says. According to the Finance…
The Government triggers two more pilot projects for veterans and military personnel. Prime Minister Denys Shmyhal announced this during a Government session on October 3. “The first one is the provision of a new comprehensive social service – resilience building. It includes a number of options. In particular, social and psychological assistance, formation and development…
Two local infrastructure improvement projects were completed in Ghelauza village, Straseni district and Hartopul Mare, Criuleni district. The works cost over 650 thousand lei (33.8 thousand euros) and were carried out as part of the European Express Village program. According to the National Office for Regional and Local Development (ONDRL), a 10 kW photovoltaic plant…