The government agreed on Poland’s 2024 draft budget, the prime minister told a press conference after a Cabinet meeting on June 13. Mateusz Morawiecki said the government had also agreed to raise the minimum wage. He added that compared to other European countries Poland’s current economic results “are nothing to be ashamed of”. “We have…
An amendment to Poland’s 2023 budget law, adopted by the government on June 9, foresees the deficit PLN 24 billion (EUR 5.37 billion) higher than previously, the minister of finance has announced. The budget deficit for 2023 was originally planned at PLN 68 billion (EUR 15.22 billion), with expenditures seen at PLN 672.5 billion (EUR…
Prime Minister Dorin Recean on June 9 presented the main amendments to the State Budget Law in the plenary session of the Parliament. They were criticized by the parliamentary opposition. “It is important, beyond the crises we manage, to restart the engines of the economy, and that is the objective of the rectification. We need…
Adam Glapinski, the governor of the National Bank of Poland (NBP), has said that inflation is falling, as predicted in forecasts, and that this process will continue. “As we predicted in the projection, inflation is definitely falling,” Glapinski confirmed during a press conference on June 7, a day after the NBP’s Monetary Policy Council decided…
Organization for Economic Cooperation and Development (OECD) predicts that economic growth is expected only in Latvia among the Baltic countries: the country’s gross domestic product (GDP) will grow by 1.1% this year, and a 2.4% increase is expected next year. In November, the OECD predicted that Latvia’s GDP would increase by 0.2% and 2.3% this…
Small and medium enterprises in the Republic of Moldova will be able to benefit from affordable financing for the implementation of investment projects under the 373 Program, approved by the government on June 7, the government’s communication and protocol department has reported. The program sees the granting of investment loans by banks, with the partial…
Ukraine’s international reserves, according to preliminary data, reached $37.3 billion as of June 1. This is said in a report published on the website of the National Bank of Ukraine (NBU). “Ukraine had $37,311.3 million in international reserves as of June 1, according to preliminary data. In May, international reserves increased by 4% and rose…