Tag: economy

With job cuts slamming Germany, Berlin ‘hides’ industrial crisis with huge government hiring spree

Germany's industry is crashing while government workers and nurses are being hired,…

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Over half a million Czechs spent their vacation on the Polish Baltic coast

This year, more than 500,000 Czechs chose to vacation along the Polish…

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Poland’s economic growth accelerates in 2024, outpacing most EU countries

Poland's GDP grew by 3.2 percent year-over-year in Q2 2024, marking a…

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Poland becomes critical to Portugal’s economic stability

As over 100 Portuguese companies operate in Poland, economic shifts in the…

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India and Poland announce strategic partnership in Warsaw

The prime ministers of India and Poland met in Warsaw to announce…

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Poland: Corporate sector wages rise by more than 10 percent year-on-year as employment wanes

Polish corporate wages rose sharply compared to the previous year, even as…

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The French agenda: When European unity means protecting French interests

France's influence in the European Union often seeks to prioritize its own…

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Support for adopting euro currency in Poland declines

A recent study reveals a significant drop in Polish support for adopting…

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Poland confirms its position as European road transport powerhouse

Poland reaffirms its critical role in European road logistics, handling one-fifth of…

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German economic output plummets, debt hits record high

"The German economy is stuck in this crisis"

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‘Historic figure’ – German auto supplier ZF to cut 14,000 jobs

Germany’s automotive sector is facing a growing crisis, and ZF may be…

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Food prices soar in Poland as costs outpace inflation predictions

In Poland, the cost of essential food items continues to climb at…

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Poland sees record increase in property prices amid European declines

As other European nations experience a downturn in property values, Poland marks…

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Poland surpasses China as a major importer of German goods

Poland has emerged as a key market for German exports, even outpacing…

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Homebuyers despair: Poland has the most expensive mortgage rates in the EU

As of 2024, Poland surpasses other EU nations with the highest mortgage…

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Poland: As energy prices soar, don’t expect PM Tusk to take the blame

With significant hikes in electricity and gas prices on the horizon in…

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Poland: Tusk government will use EU deficit procedures as a pretext for austerity, warns expert

"We are being driven towards a scenario where the nation-state ceases to…

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Vacation costs are up as most Poles opt for domestic getaways this summer

Polish travelers are planning to spend more on their vacations this year,…

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Polish president in China: Poland is at the ‘crossroads between East and West’

Amidst global tensions, President Andrzej Duda is in China to secure and…

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Poland among 7 EU countries facing investigation into ‘excessive’ spending

The EU commission is to initiate an excessive deficit procedure (EDP) against…

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Labor costs in Poland surge at double the rate of EU average

As Poland faces significant increases in labor costs, employers express concern over…

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EU commission forecasts Polish economic growth to jump by this much in 2024

Growth in Poland is expected to be driven by rising consumption, higher…

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Polish interest rates will not fall in the foreseeable future due to inflation threat

The monetary authorities have been citing a high level of uncertainty for…

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Czechs view Poland as the ‘China of Europe’

At a recent conference, Czech entrepreneurs praised Poland's economic advancements and hardworking…

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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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The Central Communication Port will benefit Poland and should not be used as a political football

The construction of a major transport hub in Poland, which was a…

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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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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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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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