The executive committee of the National Bank of Moldova (BNM) has ruled, by unanimous vote, to reduce by 0.5% the basic rate applied to the principal operations of monetary policy for short-term, to the level of 3.75% annually. BNM Governor Anca Dragu has made statements to this effect. At the same time, the interest rates…
The exporters of Moldovan products will benefit from better commercial and economic conditions on the market of the member states of the European Free Trade Association (EFTA). The Cabinet approved the ratification of the free trade agreement between Moldova and the EFTA member states. The document was signed in Schaan, Principality of Liechtenstein, on June…
Poland’s government has approved a bill granting additional payments to social care workers, who often earn minimum wage. If approved by parliament and the president, the legislation will allow almost 200,000 people employed in the sector to receive an additional 1,000 zloty (EUR 230) gross each per month starting from July. For those on the…
On March 19, the Government team headed by Prime Minister Denys Shmyhal met in Luxembourg with Nadia Calvino, President of the European Investment Bank. Among other participants were Minister of Finance Sergii Marchenko, Minister of Justice Denys Maliuska and Deputy Minister of Economy / Trade Representative of Ukraine Taras Kachka. The parties discussed a number…
Slovakia is becoming a debtor with the highest risk in the eurozone. The yield of 10-year Slovak bonds surpassed the yield of Italian bonds; Italy is currently the largest debtor in the eurozone. Additionally, of all the eurozone members, Slovakia’s risk surcharge, which creates additional financing costs for the state’s debt, has increased the most.…
Polish e-commerce giant Allegro – which is the leading player on its domestic market – has expanded its brand to a third country in the region after launching the Allegro.sk shopping platform in Slovakia. Allegro, which is also one of Europe’s largest e-commerce platforms, has since 2022 already been operating in Slovakia, the Czech Republic,…
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria, led by Jean-Francois Dauphin, following consultations with Bulgarian authorities on macroeconomic indicators and financial policies. Throughout the mission, IMF experts engaged in discussions with government representatives and officials from the Bulgarian National Bank to assess the country’s economic landscape and policy implementation.…