Poland’s industrial production in December 2023 was slightly better than market expectations, with output falling by 3.9% YoY against an expected decline of 5.6%, this caused economists to forecast a rebound in the sector in 2024, with domestic demand being the main driver. Economists from the Polish Economic Institute wrote on X, that they saw…
Poland’s industrial production prices fell by 6.4% YoY in December 2023 against a PAP consensus for a 5.8% decrease, Poland’s Central Statisical Office (GUS) reported. On a monthly basis, the prices dropped by 0.8%. Economists polled by PAP expected December 2023 industrial production prices to drop by 0.6% MoM. (PAP/Business World Magazine)
Accelerating recovery, stimulating development of the manufacturing sector, increasing non-commodity exports, attracting increased investment into the real sectors of the economy and, generally speaking, creating new investment opportunities, facilitating the return of Ukrainians, in particular, through the eOseia programme – all these are contained in the economic growth strategy for 2024. “Such growth is necessary…
Ukraine and Switzerland will conduct joint business missions for domestic businesses to explore opportunities for Swiss companies to invest in Ukraine, as well as opportunities for Ukrainian companies to expand in Switzerland. These were the results of the Swiss-Ukrainian Roundtable on Recovery and Rebuilding at the World Economic Forum in Davos on January 17. The…
Banker and economist Levon Hampartsumyan addressed concerns about Bulgaria’s adoption of the euro, emphasizing the need to overcome fears and embrace the impending change. According to Hampartsumyan, the shift to the euro as the primary measure of economic success will not only be seamless but also without financial burdens for the public. Contrary to apprehensions,…
Poland’s Sejm, lower house of parliament, has passed a budget bill that will enable the new government to fulfill some of its key election promises, but involves a deficit exceeding EU recommendations. According to the budget bill approved by the Sejm on January 18, state revenues are planned at nearly PLN 682.4 billion (EUR 154.9…
Ukraine needs financial and military support in order to prevent the government in Kyiv from resorting to printing money to keep the economy afloat, Beata Javorcik, the chief economist of the European Bank for Reconstruction and Development (EBRD), has said in Davos. She noted that Ukraine’s economic situation was challenging, despite growth of just short…