‘They are purchasing everything’ – Czech drivers flood Polish gas stations seeking lower fuel prices
“98 percent of our customers have been Czechs”
Ukraine accused of disguising its grain as Moldovan to evade embargo
Is Ukraine sneaking its grain past Romania’s embargo by first transiting its product through Moldova?
After spending tens of billions on Ukraine and migrants, German leader laughs when asked why elderly receive no pension inflation bonus
Tens of billions have gone to Ukraine and migrants, which means there is no money left for seniors
Big cut in Polish interest rate shocks markets
Poland’s central bank cut interest rates by a whopping 0.75 percent in a move that surprised experts and caused the Polish currency (PLN) to fall sharply
Polish tiger: Poland ranks 2nd in global GDP growth from 1990 to 2020
In the last three decades, the IMF shows only China recorded faster economic growth than Poland
Poland cuts tax for first-time homebuyers and raises it for those buying multiple properties
New homeowners are exempt from paying a purchase tax starting Sept. 1
Poland: Inflation falls for sixth consecutive month
The possibility of an interest rate cut may boost Polish conservatives in the upcoming election
Number of migrant workers in Poland soared by almost a third last year
The country has adopted an increasingly liberal immigration policy as its economy continues to grow
Poland’s economic slowdown greater than expected
Economists said a drop in consumer spending caused the downturn
Poland’s ruling party presents the first of four referendum questions that will be asked of Poles in October’s election
Poles will reportedly be asked for their views on agricultural matters, the retirement age, immigration, and the privatization of state-owned companies
Inflation in Poland down for the 5th consecutive month
Overall, inflation year-over-year is down for five consecutive months, and for the first time since 2019, prices on a month-to-month basis have not increased for three months
Poland’s successful economic model is based on social solidarity
Since 2015, a significant shift can be observed in the Polish economic model, which has become increasingly efficient within the European context, writes economist, prof. Zbigniew Krysiak
Poland is an increasingly popular tourist destination
Poland is becoming increasingly popular among tourists and not only because of its relatively low prices
Polish finance minister: Polish economy is in great shape despite war, Covid crisis
The pessimistic macroeconomic forecasts for Poland have failed to materialize, says Poland’s finance minister
Many Poles are spending their vacation abroad this year
The vast majority of Poles are planning a trip abroad this year
Inflation in Poland getting closer to single-digit level
Poland’s Monetary Policy Council keeps interest rates unchanged, however economists anticipate rate cuts in the near future
Polish elections: Poll shows inflation and the economy are the most important campaign topics as national elections approach
The opinion poll highlights rising prices as a top priority for Polish voters ahead of parliamentary elections
Fitch’s A-level credit rating for Poland is testimony to the country’s creditworthiness
Rating agencies confirm that Poland’s economy and finances are in good shape
It’s time Poland stopped focusing on ‘free’ EU funds as a reason for its membership in the bloc
Poles still see the EU as a cash cow, but EU funds aren’t free and come with costly conditions, writes Kamil Goral for portal Nowyswiat24.pl
Poland’s foreign trade surplus is growing
Poland continues to improve its export success story
Poland now has 2 million foreign workers
Under the ruling conservative Polish government, there has been a dramatic increase in the number of migrants coming to work in Poland
Bank of Poland buys gold reserves for second consecutive month
According to unofficial calculations by bankier.pl, Polish gold reserves have increased to approximately 263 tons
Polish inflation will reach single figures by September, says expert
According to Bank Pekao’s chief economist, some economic respite for Poland is just around the corner
EU will not finance the transfer of excess grain from Polish silos to Africa
As Polish silos remain full to the brim with unsold grain, Brussels has ruled out paying to redistribute the product to Africa
Is a rebellion against rising welfare benefits at the taxpayers’ expense coming to Poland?
The pendulum could swing in favor of the right’s alternative to the ruling PiS, the Confederation party, writes Andrzej Krajewski for Dziennik Gazeta Prawna
Polish economy outperforms key European partners with highest GDP growth in EU
Polish GDP enjoyed a quarter-over-quarter increase of 3.9 percent in Q1 of this year
Polish family businesses prioritize customer satisfaction and growth over diversity and inclusion, and it’s working
Close to 90 percent of Polish family businesses have higher turnover compared to the previous year
European Commission increases Poland’s 2023 GDP growth forecast
A higher growth rate, lower inflation, and steady unemployment is predicted for Poland by the end of the year
Polish currency reaches strongest point in a decade
An analysis from Bank Handlowy shows that since the beginning of the year, the Polish zloty (PLN) has strengthened by 2.6 percent against the euro and nearly 6 percent against the U.S. dollar
An end to the war could boost Polish investments in Ukraine 25-fold
Ending the war in Ukraine sooner rather than later is an opportunity for the development of Polish investments in Ukraine, says economic expert Dawid Sułkowski
80% of Poles say they feel impact of inflation, highest result ever recorded
Most Poles identified inflation as “the number one enemy” negatively affecting their quality of life, a new survey shows
Poles fear poverty in retirement and plan to work longer
As Poland faces demographic challenges and a shrinking labor market, more companies are employing retirees
Poland sees largest drop in retail sales since the pandemic
High inflation and slow wage growth were cited as the most significant factors that led to Poland’s consumption downturn
Poland is fourth-largest sweets producer in the EU and among top 4 global exporters
Polish confectionery exports continue to grow despite challenging conditions, according to a Bank Pekao report
Survey: 2 in 5 Ukrainians currently residing in Poland have no intention of returning home
The percentage of Ukrainians planning to remain in Poland after the war has more than doubled in the last six months
France interested in building and investing in Poland’s planned CPK airport
Poland’s planned new Central Transport Hub (CPK) is attracting interest from global airport giants
Poland keeps interest rates unchanged
The chances of a decrease in interest rates in Poland this year are diminishing, writes Grzegorz Baczewski, the CEO of the Lewiatan Confederation, an organization of employers
Poles are leaving Britain to return to Europe’s new land of opportunity
As Polish economic growth paves the way for higher living standards, the pull factor of many Western nations has become less effective, reads a report in the London Sunday Times
Polish retail sales slow as economy stalls
Polish retail sales in February fell 3.6 percent from January and were 5 percent lower than in February last year
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