Economy

Along with the increase of inflation in Poland and in the whole world, the discussion about its causes intensifies. There are many voices that the main reason is an external supply shock - the prices of energy and food. It is useful, in the analysis, to distinguish within CPI inflation, a core inflation and the rest of it. Core inflation is an inflation rate that is devoid of the most unstable components such as food and energy prices.

The true budget deficit at the end of 2023 will amount to over 206 billion PLN. The budget debate taking place in Sejm is based on the draft budget, which does not show the full picture of state\'s expenditures and revenues. Pursuant to the Public Finance Act, the management of public funds is open and transparent.

While the state does need to find new revenues, there will not be any substantive debate on taxation over the next four months, new Finance Minister Annely Akkermann (Reform) says.

Estonian Minister of Defense Hanno Pevkur (Reform) is on an official visit to the United States, and will meet with Secretary of Defense Lloyd Austin while in Washington.

The talks over the National Recovery Plan were to begin in February. Since then, the European Commission set particular conditions on which the assets would be transferred to Poland, mainly linked with the improvement of the deteriorating situation regarding rule of law in the country.

The current energy crisis is a huge lesson for the Green Deal. Ambitious goals, boldly planned in a period of cheap and available energy, are much more difficult and expensive to achieve in a period of scarcity and uncertainty.

In this article we look at the connection between industrial and consumer prices in Bulgaria in an attempt to determine to what extent the industrial price index can be used to forecast the future dynamics of consumer inflation.

The period of instability in 2021 could easily be redefined as stretching up to 2022, given that the cabinet of Kiril Petkov lasted twice as short as that of Plamen Oresharski. The most recent elections show that the political crisis in Bulgaria is far from over.

In August 2022, the production recovery in Ukraine continued, but the dynamics of the indicators of the economic conditions indicate a possible slowing down of the recovery trend in 6 months perspective. This is indicated by several important factors.

A month ago, Ukraine and the EU signed a road agreement that simplified road freight requirements between the parties. The arrangement proved to be mutually beneficial – trade volumes increased, and the cost of transportation from Ukraine decreased.