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
Poland: Middle class becoming wealthier, pool of poorest taxpayers shrinks
Data from Polish tax returns from the past four years indicates significant progress in income levels
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
EU sends €5 billion to Ukraine while threatening to block €7.5 billion from Hungary
Ukraine was consistently ranked one of the most corrupt countries in the world long before the war broke out
Poland’s interest rates rise once again
Despite Poland’s interest rate increases, inflation may only get worse
Poland raises interest rate by historic 1-percentage point as inflation bites
Economist Marcin Roszkowski, from the Jagiellonian Institute, argues that the 1-percentage point rise in interest rates is still probably insufficient to slow down the rate of inflation
To fund Ukrainian refugees, Denmark cuts foreign aid to countries like Mali, Syria and Bangladesh
Denmark, known for its strict immigration policies, is cutting foreign aid to pay for its growing Ukrainian refugee population
Czech National Bank to revoke license of Sberbank CZ
If someone has an amount higher than €100,000 deposited with Sberbank CZ, this amount becomes subject to liquidation, warns Czech economist Lukáš Kovanda
German army should be one of the most powerful in Europe, says German finance minister
Some German politicians also mull the reintroduction of compulsory military service
Inflation threatens Poland’s GDP growth
The high inflation rate is not only hindering the growth of Poles’ income but also the Polish economy’s development
Poland raises interest rates to highest level since 2014
Poland’s Monetary Policy Council has acknowledged the issue of growing inflation and has undertaken measures to counteract it
Poland: Interest rates are going up sharply
Poland’s central bank is looking to fight inflation and keep the economy from overheating with the latest interest rate increase
Inflation in Poland may rise to 7% by end of 2021: economists
Although the inflation rate will continue to increase in 2021, some experts forecast that it will steadily decrease in late 2022 and 2023
Czech, Polish, Hungarian, and Slovak finance ministers discuss recovery plans and a digital tax
Czechia to invest in digital projects and innovation
Poland’s access to EU Recovery Fund may be delayed by months, warns Polish MEP
According to MEP Jacek Saryusz-Wolski, many EU states are unable to form their National Recovery Plans on time and Poland may be one of them
Most Czechs improved their financial situation during the crisis, data show
Czechs savings exceed €113.65 billion
Report: Poland among top 4 countries with highest budget stability in the EU
Among large EU member states, Poland has the highest budget stability
Report: Poles had record savings in December, increasingly purchasing gold
Poles are stocking up on gold as inflation concerns grow
Czech government rejects joining EU’s banking union, wants to maintain financial independence
Czech financial sector is strong on its own
Poland’s foreign currency reserves grow by 60% in last 5 years
The management of the National Bank of Poland helped avoid the darkest scenario for Poland’s economy during the pandemic, writes PiS MEP Zbigniew Kuźmiuk
Polish central bank is purchasing foreign currency to weaken Polish złoty
The aim of the Polish National Bank (NBP) is to strengthen the impact of looser monetary policy on the Polish currency and on the economy, informed NBP head Adam Glapiński
Despite pandemic, Poland has 2nd fastest housing price growth in EU
Low interest rates on Polish bonds help fund fight against COVID-19
The record low interest rates on Polish bonds on the financial markets means that the national debt incurred will be relatively cheaper to service
This is why Poland faces a ticking time bomb with joint EU debt
The European Commission’s ability to take out loans in the name of other member states will lead to huge abuses and corruption, argues one Polish blogger
Coronavirus: Poland releases funds to save companies and workers on schedule
The first wave of bonds from the Polish financial shield has been a success, informs PiS MEP Zbigniew Kuźmiuk on his blog
Poland’s economy more resilient to coronavirus than Italy’s or France’s
Professor Zbigniew Krysiak argues that Poland’s and Central and Eastern Europe economies are in a better place than Western European economies
Unicredit: Poland to cope better than others with coronavirus crisis
According to Unicredit, Poland’s emergency package to help companies cope with COVID-19 pandemic is the most generous in Central Europe
Coronavirus: Poland’s anti-crisis shield helped over 500,000 applicants
The Polish anti-crisis shield, worth 15 percent of GDP, is the first program on such a scale in Europe
Poland offers new subsidy package aimed at saving companies from coronavirus crisis
The government introduces a new €22 billion (100 billion złoty) anti-crisis finance package
Coronavirus survey: Nearly half of Polish companies will cut salaries and a fourth will lay off employees
Polish companies take desperate measures to survive coronavirus crisis
Coronavirus leaves Poles with bleak outlook: survey
Poles, like many others around the world, are reeling from the effects of coronavirus
Polish central bank chief: ‘We have planty of cash’
Poland’s National Bank (NBP) chief, Adam Glapiński, said that a recession in Poland was unlikely
Poland’s economic policy needs a rethink in light of coronavirus crisis: opinion
The government will have to deliver direct economic stimulus and should amend the budget to do so
Polish factories hit hard by coronavirus in China
Polish companies and employees will be affected by the closing of thousands of Chinese factories
President Duda signs pension bonus into law
New law will increase social spending for elderly and those with disabilities
EU enthusiasts who want integration on the cheap: opinion
Those who talk the most about an ambitious EU are the very same ones, who when it comes to the budget, turn into Euroskeptic misers
Gold purchases earn Polish Central Bank over $1 billion profit
New EU budget proposal could benefit Poland
Brussels is changing its tone towards the Polish government
Polish PM: Western EU states make huge profits off newer EU states like Poland
Polish PM Mateusz Morawiecki declared that Poland wants to see Europe as a global player
Half of Poles are satisfied with their finances in 2019
The main reason for the financial satisfaction of Poles is efficient saving
Inflation in Poland is rising fast
Poland has not experienced such a rise in the level of prices for many years
Economic slowdown in Polish economy will continue in 2020: experts
Poland not expected to suffer serious economic consequences from global slodwon
Minimum wage hike approved by Czech government
It is the second increase this year.
‘Supermarket tax’ introduction postponed in Poland
100 tons of Polish gold returns home
Secret operation by planes and blue tracks.
Poland’s success against VAT fraud helps fight terrorism
Have you ever heard of the VAT carousel?
World Bank GDP growth forecast for Poland upgraded
The World Bank has increased Poland’s GDP growth forecast for 2019 by 0.1 percent since October and by 0.8 percent since mid-2018. The forecast for GDP growth now stands at 4 percent.
Polish households now have a third more disposable income than in 2015
An average Polish household now has a third more to spend than it had three years ago, while 70 percent of Poles have savings. This is a measure of how living standards have risen in Poland, an analysis by “Open Finance” states.
Poles will spend more this Christmas but less will be in debt
Poles will spend more on Christmas this year than in 2017, claims a survey by BIG InfoMonitor. What’s more, less Poles foresee financial problems due to Christmas spending than in previous years.
Poles trust their banks
Poles trust banks with their money, claims a survey by the Public Opinion Research Center (CBOS). 68 percent of Poles claim that their money in bank accounts is safe, which is the highest number in the last decade.
Poland demands say over eurozone budget plans
Poland is worried about countries which are not yet in the eurozone being excluded from decision-making processes on a separate EU budget for the eurozone, writes Anna Słojewska in “Rzeczpospolita”. Poland does not want just the finance ministers in the eurogroup making all decisions about the criteria and timing of that instrument.
VAT scandal uncovered during Civic Platform’s rule
The VAT scandal during the Civic Platform (PO) government was an open-door crime, claims editor in chief of “Gazeta Polska” (GP) Tomasz Sakiewicz. The entire tax hole is estimated to have totaled PLN 250 billion.
“Our state is no longer theoretical,” says Ziobro
Polish Minister of Justice Zbigniew Ziobro criticized the previous Civic Platform government’s methods of fighting corruption. “Today, our state is no longer theoretical. It works practically, efficiently and quickly,” says the minister commenting on the KNF corruption scandal.