Poland’s first nuclear power plant to be active by 2033
Polish Energy Minister Anna Moskwa offered an update on the country’s nuclear plans in an interview with the SuperExpress tabloid
Polish traders up in arms as another German supermarket chain opens in Poland
Polish traders are concerned the country is becoming a haven for foreign interests leaving no room for Polish-owned businesses to grow
‘A pleasant surprise’ – Polish PM celebrates lower than expected budget deficit
Poland’s head of government expects the total public debt to GDP ratio to fall to between 48 and 50 percent this year
ECJ ruling on forest policy is about foreign domination not environment, says former Polish PM
The European Court of Justice (ECJ) ruled on Thursday that Poland’s forest management law violates the EU animal and bird settlement directive and prevents environmental organizations from questioning the government’s afforestation plans
War tourism is flourishing in Ukraine’s destroyed cities
There is no shortage of people willing to take a trip to liberated Ukrainian cities such as Bucha or Irpin, or even near the front line
Can Poland overtake UK economy by the end of 2030?
The West is beginning to see that between the Oder and the Bug rivers, between the Baltic and the Tatra Mountains, there is a country that is beginning to compete with the biggest players in Europe, writes editor of Polish Sieci weekly Jacek Karnowski
Polish oil giant PKN Orlen achieves historic net profit
The results are attributed to both the favorable market conditions for fuel companies in 2022 and the company’s expansion
Poland is implementing the ‘great American policy’ in relation to Russia, says Polish professor
Poland is making significant money serving as a key plank in U.S. security policy vis-à-vis Russia
Real estate investors rank Poland among top 5 countries
One report shows that real estate investors are optimistic about the 2023 market outlook in Europe
Inflation rises again in Poland
Inflation is expected to peak in Feburary in Poland
Tobacco giant PMI expands in CEE and the Baltics
Philip Morris International aims to strengthen business connections and accelerate the company’s smokeless transformation in the region
Poland destined for soft landing with inflation falling below 10% this year, says head of Polish Development Fund
Poland’s economy will surprise the naysayers this year, says head of the Polish Development Fund
Large majority of Poles want to continue using cash for payments
A new poll shows that a majority of Poles do not want cashless payments to become their only option
Polish economic growth surpassed expectations in 2022
Polish GDP grew despite the apparent economic slump throughout last year
Port of Gdańsk recorded highest-ever level of activity last year
CEO of the Port of Gdańsk Łukasz Greinke revealed the port handled 68 million tons of goods in 2022, the highest ever
1,400 Ukrainian women in Poland begin training as IT specialists
Ukrainian women who migrated to Poland could help fill the 25,000 IT specialist gap in the Polish job market
Large majority of Poles reject euro currency
Voters of the ruling United Right are the most opposed to the common currency at over 97%, while 43% of the opposition’s voters are also against the euro
Inflation in Poland falls more than expected
December was the second month in a row in which the rate of inflation fell as prices rose less quickly than economists had projected
Polish central bank keeps interest rates stable
Poland’s Monetary Policy Council has for the fourth month running held interest rates at the level of 6.75 percent
Majority of Poles are pessimistic about their household budgets in 2023
Most Poles believe the economic crisis will not end any time soon
Poland’s public finances improve under conservative rule
Its ratio of public debt to GDP is falling fast, partly thanks to inflation
Central bank chief forecasts single digit inflation by end of next year in Poland
Adam Glapiński predicted that the rate of inflation would begin to fall by the end of the first quarter of 2023
Inflation in Poland drops for first time since February
According to PM Mateusz Morawiecki, measures taken by the Polish government have proven effective in combating inflation
Poles invest very conservatively and half do not invest at all
War in neighboring Ukraine and high inflation contribute to Poles investing less
Poland has a budget surplus for now but public finances are under pressure
The state’s coffers are still swelling from revenues exceeding expenditures, but the forecasts call for a budget deficit by the end of the fiscal year
Inflation still on the rise in Poland reaching 17.9 percent
The newest data on inflation in Poland reveals the highest levels since 1996
1 in 3 key Polish employees plan to return to Poland from the UK
A deteriorating financial situation, discrimination, low wages, job insecurity, and dangerous workplaces are among the main reasons for Poles to leave Britain, according to a study by British researchers
Poland’s central bank forecasts double-digit inflation until 2024
Poland will be stuck with high inflation for a while, according to the country’s central bank
Potato prices jump 73% in Germany, food inflation rises 40% overall
Potatoes, grain, and milk have all seen massive price increases in the last year
Czech central bank predicts average inflation of 15.8%, lowers GDP growth estimate
Czechia will face economic headwinds into next year
Polish companies dominating in Central and Eastern Europe
Polish companies play an outsized role in Central and Eastern Europe
Poland: Inflation reaches a new high in October
The country’s struggles with rampant inflation have seen food and non-alcoholic beverage prices soar by 21.9 percent and energy prices spike by 41.7 percent
Minister expects Polish economic growth at over 2% for 2023
Polish Minister of Economic Development and Technology Waldemar Buda has forecast that the Polish economy will not fall into recession
Czech inflation soars to 18%, highest level since 1993
The housing sector contributed the most to this acceleration, especially energy and fuel prices


A hostile EU is behind Hungary’s weakening currency
Brussels is conducting financial warfare against Hungary
Poland’s GDP growth in 2021 was 0.9% higher than reported
According to the correction, the Polish economy grew by 6.8 percent in 2021 on a year-over-year basis
Polish złoty hits record low against US dollar and Swiss franc
According to experts, the weakening of the Polish currency can benefit exports but currently also boosts inflation
Crisis looming as 60% of German households dipping into their savings to stay afloat
Germans are increasingly living paycheck to paycheck, and according to experts, the real pain has not even hit yet
Poland’s industrial output growth ‘exceeded expectations’ of economists
According to experts, a recession in Poland in the third quarter is less likely, as producer price inflation remains stable and industrial output growth improves in Poland
Dire threat: Hungary’s EU funding could be cut by €7.5 billion after European Council vote on Nov. 19
Hungary is between a rock and a hard place as funding-cut vote looms
‘Production in Germany is no longer competitive’ – CEO at world’s largest steel manufacturer warns of crisis as plants shut down
If the German steel industry goes dark, other huge swaths of Germany’s and Europe’s industry will go offline as well, says the CEO of ArcelorMittal
Two main pillars of Ukrainian economy in dire straits
The war is crushing Ukraine’s economy
Reviving tradition, Warsaw to test Hungarian Ikarus electric bus
Ikarus buses used to be quite popular in Eastern Europe before the fall of communism
Poland: Inflation hits yet another record, surprising many economists
Polish economists were expecting inflation to decrease, instead it rose once again
Hungary’s price caps are very expensive to maintain and should be scrapped, says economics minister
The measures were only meant to ease a price shock temporarily, Márton Nagy said
Hungary’s central bank raises base interest rate to 18-year high to fight inflation
Further hikes are expected as inflation looms large
Italian debt default could be biggest-ever shock to eurozone, hedge funds bet €39 billion against Italy in August alone
Hedge funds are betting on an Italian financial collapse
75% of Ukrainians working in Poland regularly support their families in Ukraine
Ukrainians abroad work and support their families in war-torn Ukraine, data provided by Gremi Personal employment agency shows
Poland’s property market downturn may slow economy
Developers are beginning to limit the supply of new properties on the market in response to a marked slowdown in sales
The Vistula Spit canal construction deals heavy blow to Polish opposition’s ‘impossibilism’
The nervousness of the Polish opposition is due to the Polish government’s successful investments, writes editor-in-chief of Sieci weekly Jacek Karnowski
Germany’s blocking of EU funds for Poland is against interests of its own entrepreneurs, says Polish professor of economics
Zbigniew Krysiak believes the political situation in Germany is increasingly unstable
Forecast: Nuclear power in Poland should account for close to 40% of energy mix by 2040s
The Polish Institute of Economics (PIE) says Poland’s nuclear power program should raise Polish GDP by over 1 percent
Czechs storm into Poland for cheaper shopping and gas
The prices of oil, cigarettes, clothing, and even gravestones are especially attractive in Poland due to the government’s VAT reduction policy
Mercedes to invest €135 million in Romania despite automotive slowdown
The auto company is also seeking €37 million in support from Romania
Hungary’s OTP Bank posts record Q2 profit despite windfall tax
Hungarian banking giant posts stellar results in the second quarter
Hungary seen as best in region for weathering economic crisis
Despite its heavy economic ties with Russia, Hungary will weather the war-induced economic crisis better than its regional peers, a recent study suggests
Hungarian consumer protection agency slaps 300 million forint fine on Ryanair
Ryanair will contest the fine in court
EU prepares fresh €8 billion aid package to Ukraine
The new package will be part non-refundable aid and part loans
Removing Hungary’s smallest-value coin from circulation not worth the effort, says Central Bank
Retiring the coin would cost more than keeping it in circulation, Central Bank Governor György Matolcsy explained
The spicy issue of mustard and gas
A small jar of spicy mustard reflects the essence of our current problems, Magyar Hírlap columnist Dániel Galsai writes
PM Orbán’s 10 points to shield Hungary from global recession
Border defense, family-centric policies, and political stability are key areas of focus for the Hungarian government
Poles spent €2 billion from their own pockets in three months to help Ukrainian refugees
In total, Poland is estimated to have spent €5.29 billion on its assistance to neighboring Ukraine
German industry begins to stutter as energy crisis hits
Some 16 percent of companies have already begun to scale back production
Mercedes invests another €1 billion in Hungarian plant
The car industry is one of the most important pillars of the Hungarian economy
‘Europe is weakened by its own sanctions,’ says Hungarian finance minister
Europe is heading towards an economic slowdown or even outright recession, according to Mihály Varga
Poland’s ruling party leader slams those plotting against PM, insists government approach to tackling inflation is necessary
Jarosław Kaczyński said that his party’s government refuses to saddle the population with the full costs of inflation
Global minimum tax is reminiscent of communist times, says Hungarian foreign minister
Péter Szijjártó was speaking at a U.S. conservative advocacy group meeting
Hungarian parliament approves 2023 budget aiming for 4.1% economic growth
The country’s budget deficit is estimated to be 3.5 percent of GDP, while inflation will sit at 5.2 percent
Poles still boycotting Russian goods and companies refusing to leave Russian market
Despite the results of one recent survey, the current economic environment may change this trend
European Commission significantly ups Hungarian growth forecast to 5.2 percent
Hungarian economic growth expected to be double that of the eurozone in 2022
Poland’s weakened currency will keep Poles stuck behind Western Europe in terms of pay and living standards
The purchasing power in Poland is 68 percent of the EU’s average
Most Poles drastically changing their vacation plans due to cost-of-living crisis
According to one survey, 57 percent of Poles have changed their holiday plans as a result of rising prices, with 21 percent actually canceling their trips altogether
US dollar at record level against Polish zloty
The dollar is being strengthened by the U.S. Federal Reserve’s efforts to fight inflation, a buoyant labor market, and the country’s energy self-sufficiency
Hungary hikes interest rate by another 200 basis points
Hungary’s central bank warns that interest rates will likely be hiked even higher
Russia posts highest current account surplus since 1994
Russia’s foreign trade surplus is also rising massively due to energy exports
Poland under pressure to join eurozone, says central bank’s head
Adam Glapiński says there is enormous pressure from “one of Poland’s neighbors” for Poland to introduce the euro currency, but he will not succumb to it
Inflationary spiral in Poland fueled by pay and demand
According to an economist at the Warsaw School of Economics, the level of inflation in a country depends on the structure of the economy and degree of development
Hungary says US pressures it to accept global minimum tax
Hungary will not give up its tax sovereignty, Finance Minister Mihály Varga vowed
Hungarian inflation hits 24-year record in June
Hungary’s national bank expects further hikes in the cost of living until September
Inflation to peak soon in Poland, predicts chief economist
The chief economist of the Polish bank PKO BP forecasts that the rate of inflation should slow down in the near future
Eurozone inflation hits new record of 8.6%
Soaring energy prices are the main driver behind inflation
‘The findings are shocking’ – Germans entering poverty at record rate as inflation and COVID destroy prosperity
There are “more poor people than we’ve ever had,” said the director of a leading German social welfare association
Hungary hikes interest rates by whopping 185 basis points
Hungary’s central bank is taking bold action to stem rising inflation
Poles expect Ukrainian refugees to find work during stay in country, polling shows
A survey finds that the majority of Poles demand the new arrivals find work and send their children to Polish schools
Data shows the Polish consumer is under pressure
Rising prices and higher interest rates dampened consumer spending in May, but the influx of Ukrainian refugees and their added consumption has helped to moderate the slowdown
Romania follows Hungary’s lead on fuel price cap after prices more than double
Opposition parties fear shortages and a black market over the move
Hungarian Parliament rejects global minimum tax with overwhelming majority
A 15 percent global tax would put Hungary at a competitive disadvantage
Hungary makes world-first kosher matches with new formula free of pig gelatin
The big novelty uses vegetable binding agents instead of pig gelatin
Hungarian NGO accuses Ryanair of ‘unfair commercial practices’
After Ryanair’s CEO first called a Hungarian official an “idiot” for Hungary’s windfall tax, there is now a debate about the extra fees Ryanair customers are facing in Hungary
Hungary advances three places in global competitiveness ranking
When it comes to IMD’s ranking, Hungary is now ahead of Poland and Slovakia but still trails Czechia
Hungary could make $600 million a year due to oil import exemption
Hungary introduced a windfall tax on high-margin sectors of the economy last month
Ryanair CEO upset over windfall tax slams ‘idiot’ Hungarian minister
Michael O’Leary said a government should not be interfering with an airline’s pricing policy
‘Poland cannot copy Western solutions to fight inflation,’ says Kaczyński
Combating inflation is one of the most important issues for the Polish government, said Deputy Prime Minister Jarosław Kaczyński
Hungary extends war emergency until November
The government needs to act quickly to mitigate the effects of an economic crisis mostly brought about by the war in Ukraine
Hungarian inflation reaches double digits
Despite Hungary’s struggles with inflation, data show it is performing slightly better than its regional peers
Czechia experiences biggest decline in living standards in its history
A very dangerous inflationary motivation is driving Czech spending habits: “Spend what you can now, as it will be more expensive tomorrow”
Hungary has lowest utility bills in Europe
Natural gas in Amsterdam costs almost 10 times as much as in Budapest
Poland: Inflation breaks records after soaring to 13.9%, economists warn of further increases
It’s not over yet, warn Polish economists
Each time Chancellor Scholz calls the Kremlin, alarm bells should ring across Europe
If Europe is not united in containing Germany, the next catastrophe is just a matter of time, warns Marek Pyza for portal wPolityce.pl