Tag: economy

Poland’s inflation rate continues to decline

Consumer inflation in Poland decreased to 2 percent year-over-year in March

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Green Deal: Poland is engaged in an energy transformation at the cost of its economy, says expert

The Warsaw School of Economics economist Dr. Artur Bartoszewicz believes that the…

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Polish conservatives’ economic record superior to that of Tusk’s liberals

A graphic that has gone viral online shows that when Poland was…

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Poland hits record GDP per capita relative to EU average

In 2023, Poland reached a historic milestone, narrowing its gap with the…

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Poland records lowest inflation rate in three years

In Poland, prices for consumer goods and services in February saw a…

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Polish companies receive less than 1% of all EU aid to compensate for Ukraine war

Poland has received 98 times less than Germany in EU aid for…

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Foreign investors worried as left-wing Tusk government attacks head of Poland’s central bank

The deputy head of Poland’s central bank (NBP), Marta Kightley, in an…

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Poland sees economic growth in last quarter of 2023

The Polish economy is poised for a rebound after a challenging 2023,…

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Polish truckers to rejoin the farmers in border crossing blockades

Polish truckers are to resume their border blockade protest on March 1…

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Unemployment rises in Poland for 2nd month in a row

Poland has seen an increase in the jobless figures from 5.1 percent…

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Investor flight? World’s largest electric battery producer quits Poland

Chinese electric battery producer CATL has followed in Intel’s footsteps and announced…

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German companies shifting their production to Poland in large numbers

German companies are increasingly choosing to transfer their manufacturing production to Poland,…

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Polish inflation lowest in 3 years as it falls to 3.9%, but experts expect it to rise again

The annual rate of inflation fell to 3.9 percent per annum, the…

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Polish politics shouldn’t stop state energy giant Orlen from developing, warns outgoing board member

The outgoing board member of energy giant Orlen, Janusz Szewczak, said he…

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Polish property being bought up by foreign funds from US, Israel, Germany, and the Netherlands

Successive governments have been attempting to find ways to help Poles be…

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Dismissed CEO of gas giant Orlen says he turned it into the strongest Polish global brand

Daniel Obajtek, the CEO of state energy giant Orlen, the largest firm…

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Poland had highest minimum wage rise in Europe under previous conservative government

Under Poland's previous conservative government, the minimum wage soared higher, according to…

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World Bank improves forecast for Polish GDP growth

The World Bank expects the Polish economy to grow by 2.6 percent…

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Foreign investment in Poland surges in 2023

Poland's foreign investment inflow soared in 2023, hitting around 3.9 percent of…

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The typical Ukrainian migrants in Poland? Young or middle-aged women

In Poland, Ukrainians typically represent a younger or middle-aged demographic, mostly made…

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Polish GDP growth for 2024 forecast to reach 2.8%

The European Financial Congress is forecasting Poland’s GDP growth for this year…

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Poland to witness massive minimum wage hike of 18% next year

In Poland, a landmark increase in the minimum wage is set for…

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Poland’s Gdańsk port rises to top 10 in EU

In 2022, the Baltic Port of Gdańsk handled 40 percent more goods…

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Poland’s GDP sees some of the fastest growth in Europe

Eurostat data shows that while the eurozone economies contracted by 0.1 percent,…

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Poland: FDI soared 25% in 2022

Foreign direct investment (FDI) into Poland in 2022 totaled 140 billion zlotys…

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LOT Polish Airlines ranked 3rd best airline in 2023

LOT Polish Airlines is the world’s third-best airline for 2023, and Europe’s…

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Poland to enter into World’s Top 20 economies as Turkey faces economic slide

Poland is poised to become the 20th largest economy globally, possibly overtaking…

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European Commission expects Polish economy to grow faster in 2024 and 2025

According to a forecast produced by the European Commission, the Polish economy…

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Poland’s Orlen joins Europe’s elite after rapid rise in ‘Fortune 500 Europe’ rankings

In the latest "Fortune 500 Europe" rankings, Poland's oil and energy giant…

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Polish PM insists public finances are in good shape as opposition leaders start to make excuses

Poland’s Prime Minister Mateusz Morawiecki has said that the next government will…

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Inflation in Poland fell to 6.5% in October

Polish inflation fell to 6.5 percent in October, down from 8.2 percent…

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New liberal coalition in Poland needs money fast to meet its promises

The liberal opposition in Poland, which is expected to form the next…

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Poland’s governing party leader Kaczyński laments election defeat despite significant economic progress

Poland's Law and Justice (PiS) party progressed the country's economy significantly during…

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Poland’s central bank once again cuts interest rates as inflation falls

Poland’s central bank (NBP) has once again lowered interest rates. However, after…

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Poles flocking back to Poland, the land of opportunity

According to a recent study published by the portal Wszystkoconajwazniejsze.pl, Poles have…

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Eurostat: Poland’s inflation drops to single digits, falling faster than EU average

Inflation in Poland, according to Eurostat, was 9.5 percent, down from 10.3…

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‘They are purchasing everything’ – Czech drivers flood Polish gas stations seeking lower fuel prices

Fuel tourism is booming along the Polish-Czech border, with many Czechs crossing…

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Ukraine accused of disguising its grain as Moldovan to evade embargo

Romanian farmers' organizations have joined forces and written a letter to the…

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After spending tens of billions on Ukraine and migrants, German leader laughs when asked why elderly receive no pension inflation bonus

German leader, Chancellor Olaf Scholz, laughed off the possibility of providing seniors…

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Big cut in Polish interest rate shocks markets

Poland’s central bank (NBP) had been expected to cut interest rates by…

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Polish tiger: Poland ranks 2nd in global GDP growth from 1990 to 2020

Poland is among the global leaders in terms of economic development, with…

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Poland cuts tax for first-time homebuyers and raises it for those buying multiple properties

Poland has scrapped its property purchase tax for first-time buyers as the…

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Poland: Inflation falls for sixth consecutive month

Statistics Poland (GUS) released a preliminary inflation estimate for August, referred to…

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Number of migrant workers in Poland soared by almost a third last year

Over 1 million foreign nationals were employed in Poland by the end…

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Poland’s economic slowdown greater than expected

According to Statistics Poland (GUS), Poland's GDP decreased by 0.5 percent year over…

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Inflation in Poland down for the 5th consecutive month

Inflation in Poland sank 10.8 percent year-over-year in July, compared to 11.5…

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Poland’s successful economic model is based on social solidarity

There are many pieces of evidence and facts attesting to the positive…

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Poland is an increasingly popular tourist destination

According to the latest data from Statistics Poland (GUS), the number of…

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Polish finance minister: Polish economy is in great shape despite war, Covid crisis

Polish Finance Minister Magdalena Rzeczkowska has said that despite the pandemic and…

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Many Poles are spending their vacation abroad this year

As many as 80 percent of surveyed Poles intend to spend their…

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Inflation in Poland getting closer to single-digit level

The inflation in Poland decreased to 11.5 percent year-over-year in June compared…

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Fitch’s A-level credit rating for Poland is testimony to the country’s creditworthiness

Poland's long-term foreign currency rating was kept at "A-" with a stable…

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It’s time Poland stopped focusing on ‘free’ EU funds as a reason for its membership in the bloc

Since Poland became a member of the European Union, its prime ministers…

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Poland’s foreign trade surplus is growing

Poland has achieved a positive trade balance, with Statistics Poland (GUS) reporting…

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Poland now has 2 million foreign workers

Poland’s legal foreign labor force is now estimated to be 2 million…

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Bank of Poland buys gold reserves for second consecutive month

The National Bank of Poland (NBP) increased its gold reserves by nearly…

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Polish inflation will reach single figures by September, says expert

Inflation in Poland is falling faster than was forecast and will continue…

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EU will not finance the transfer of excess grain from Polish silos to Africa

The European Commission is not prepared to finance the transfer of surplus…

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Is a rebellion against rising welfare benefits at the taxpayers’ expense coming to Poland?

Poland’s two major parties, the ruling conservative Law and Justice (PiS) and…

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Polish economy outperforms key European partners with highest GDP growth in EU

Poland’s GDP has grown by 11.2 percent when compared to the pre-Covid…

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Polish family businesses prioritize customer satisfaction and growth over diversity and inclusion, and it’s working

Polish family businesses are experiencing remarkable success with 88 percent of respondents…

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European Commission increases Poland’s 2023 GDP growth forecast

Poland's economy is expected to grow more rapidly than previously thought after…

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Polish currency reaches strongest point in a decade

The Bank Handlowy analysis of the Polish currency shows that the currency…

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An end to the war could boost Polish investments in Ukraine 25-fold

A quick end to the ongoing conflict in Ukraine could provide Poland…

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80% of Poles say they feel impact of inflation, highest result ever recorded

Over 80 percent of Poles have clearly felt the effects of rising…

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Poles fear poverty in retirement and plan to work longer

Poles are increasingly questioning their retirement plans and many are preparing to…

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Poland sees largest drop in retail sales since the pandemic

Retail sales of goods in Poland decreased by 7.3 percent in March,…

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Poland is fourth-largest sweets producer in the EU and among top 4 global exporters

Poland is the fourth-largest producer of sweets in the European Union with…

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France interested in building and investing in Poland’s planned CPK airport

French airport operator Vinci Airports is eyeing an investment in Poland’s Central…

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Poland keeps interest rates unchanged

Poland's Monetary Policy Council opted against a reduction in interest rates on…

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Poles are leaving Britain to return to Europe’s new land of opportunity

Poles who migrated to Britain in the aftermath of Poland's accession to…

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Polish retail sales slow as economy stalls

In another sign of the Polish economic slowdown, Poland’s Central Office of…

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Poland’s first nuclear power plant to be active by 2033

The Polish government expects to supply energy from nuclear power produced in…

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Polish traders up in arms as another German supermarket chain opens in Poland

The Germans are already well established among Polish supermarkets, with Lidl, Kaufland,…

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‘A pleasant surprise’ – Polish PM celebrates lower than expected budget deficit

Poland has some welcome news after new data shows the country's budget…

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ECJ ruling on forest policy is about foreign domination not environment, says former Polish PM

Former Prime Minister Beata Szydło has criticized the European Court of Justice…

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War tourism is flourishing in Ukraine’s destroyed cities

After the outbreak of the war in Ukraine on Feb. 24, 2022,…

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Can Poland overtake UK economy by the end of 2030?

Poland has become the focus of a British debate about the country’s…

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Polish oil giant PKN Orlen achieves historic net profit

Poland's largest oil refiner PKN Orlen has achieved a historic net profit…

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Real estate investors rank Poland among top 5 countries

Among European countries where real estate investors expect the highest returns, Poland…

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Inflation rises again in Poland

At a rate of 17.2 percent in January, annual inflation is up…

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Tobacco giant PMI expands in CEE and the Baltics

Philip Morris International (PMI) will establish a new operation covering Poland, Ukraine,…

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Large majority of Poles want to continue using cash for payments

Over 80 percent of Poles do not want cash to be withdrawn…

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Polish economic growth surpassed expectations in 2022

The Polish economy performed better than expected in 2022, growing steadily by…

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Port of Gdańsk recorded highest-ever level of activity last year

The Port of Gdańsk had its busiest year on record last year…

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1,400 Ukrainian women in Poland begin training as IT specialists

Well over a thousand Ukrainian women who found refuge in Poland have…

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Large majority of Poles reject euro currency

Almost 65 percent of Poles are against the euro currency being introduced…

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Inflation in Poland falls more than expected

The rate of inflation has fallen for a second consecutive month in…

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Polish central bank keeps interest rates stable

The Polish central bank's rate-setting Monetary Policy Council left interest rates unchanged,…

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Majority of Poles are pessimistic about their household budgets in 2023

Over 70 percent of Poles believe that the next year will be…

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Poland’s public finances improve under conservative rule

Poland’s ratio of public debt to GDP two years ago, during the…

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Central bank chief forecasts single digit inflation by end of next year in Poland

The head of Poland’s central bank, Adam Glapiński, was in reassurance mode…

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Inflation in Poland drops for first time since February

Prices of consumer goods and services in Poland increased by 17.4 percent…

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