Poland’s industrial output fell by 2.7% YoY in July, the Central Statistical Office (GUS) reported on August 21. Month on month, industrial output fell by 8.5%. Economists polled by PAP expected July’s industrial production to fall by 0.8% YoY and to increase by 6.6% MoM. Manufacturing prices fell by 1.7% YoY in July and by…
The interest rate on home loans reached its highest level in 14 years during the second quarter. The current interest rate of 5.12% is more than 3% higher than during the second quarter of last year. “The main driver of the rise in borrowing costs has been the European Central Bank’s monetary policy, which has…
The number of officially registered unemployed people in Ukraine reached 112,300 as of August 1. Since the beginning of the year, the State Employment Service has helped almost 127,000 Ukrainians find jobs. This is evidenced by the data released by the State Employment Service. “As of August 1, 112,300 people had the status of unemployed.…
The World Bank will offer the Republic of Moldova a grant worth $88.4 million. The Parliament ratified on August 17 the multi-donor trust fund grant agreement between the Republic of Moldova and the International Bank for Reconstruction and Development and the International Development Association. Thus, the grant will be disbursed in a single installment and…
Poland’s Gross Domestic Product (GDP) decreased by 0.5% YoY in the second quarter of 2023, the Central Statistical Office (GUS) reported. Compared to the previous quarter, the economy fell by 3.7%, GUS said in a flash estimate. Poland’s economy contracted by 0.3% in the first quarter of 2023, after a 2.3% growth in the fourth…
On August 15, the Government adopted a resolution on changes to the mechanism of customs clearance of goods subject to licensing under the Free Trade Agreement between Ukraine and the Republic of North Macedonia. “Thanks to the adopted document, we are fully implementing the updated Free Trade Agreement between Ukraine and North Macedonia, which was…
The number of Asians working in economic sectors previously dominated by Poles and Ukrainians is increasing every month, according to the newspaper Rzeczpospolita. Asian workers, from countries such as the Philippines and Indonesia, are becoming common-place in the manufacturing, hospitality and construction sectors, the paper writes. They are taking the place, it appears, of Ukrainians…