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
Poland: Inflation falls for sixth consecutive month
The possibility of an interest rate cut may boost Polish conservatives in the upcoming election
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
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
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
Poland’s policy of zero VAT on food extended through 2023
Polish PM Mateusz Morawiecki has announced the extension of the zero VAT on food until the end of 2023
Poland’s policy of zero VAT on food extended through 2023
Polish PM Mateusz Morawiecki has announced the extension of the zero VAT on food until the end of 2023
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
Poland: Inflation falls to lowest point in a year
The Polish Central Office of Statistics has reported that annual inflation has fallen to 13% from a peak of 18.4% in February
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
Poland’s central bank head says interest rates won’t rise and inflation will fall
Adam Glapiński says he expects the rate of inflation to keep falling and that interest rates will stay at their current levels
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
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
Polish złoty hits 12-month high on weakening US dollar
The Polish złoty reached 4.19 against the U.S. dollar on Thursday
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
Inflation soars in Sweden as increase in food prices unmatched in 70 years
Prices for basic foods like eggs and milk rose by as much as 40 to 50 percent year-over-year in Sweden
Inflation in Poland reaches record high of 18% in February
According to the central office of statistics (GUS), the rate of inflation climbed to 18.4% in February from its January level of 17.2%
Inflation rises again in Poland
Inflation is expected to peak in Feburary in Poland
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
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
Poll: More Poles believe conservative PiS party will win next parliamentary elections
Most Poles believe the economy and inflation will be the main campaign topic in the election year
Britain’s wholesale electricity prices soar to record high as cold weather sets in
A wind drought and minimal daylight saw the percentage share of Britain’s electricity production from renewable sources plummet and the country’s power network fall back on fossil fuels to keep the lights on at the coldest time of year
Poles are changing the way they celebrate Christmas, poll finds
Poles no longer spend Christmas in the traditional way due to economic reasons and social changes
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
Real wages in Czechia are falling at fastest rate on record, analysis shows
One report predicts there will be an increase in various negative socioeconomic trends between 2022 and 2024
Eurozone inflation yet to reach its peak, EU central bank head warns
“I would like to see inflation peak in October, but I’m afraid it’s not that far yet,” Christine Lagarde said on Monday
Cheaper electricity and gas? There will be no lower price caps, says Czechia’s PM
“We are not out of the crisis. We don’t know how long the conflict will last, but we must get rid of our dependence on Russian fossil resources,” Petr Fiala said
Germany is blocking a reduction in energy prices. Where are all the fighters for European values?
Despite protests from the rest of Europe, Germany continues down the road to breaking up the single market as it moves to provide unprecedented state aid for its industry, writes publicist Pavel Páral
Czechia’s frightening increase in food prices
On Oct. 4, all supermarkets in Germany raised the price of sugar, and Czech retailers simply copied the price of their neighbors
The Germans are endangering Europe. How will Petr Fiala deal with it?
Germany’s plan to heavily subsidize energy bills even for large businesses threatens the fair competition aross the European Union, and the Czech prime minister must do something to stop it, notes the publicist and economist Lenka Zlámalová
German meat industry warns of empty supermarket shelves, another 40% jump in meat prices
“The current federal government would like to abolish animal husbandry and switch the diet in Germany to vegetables and oatmeal,” says Hubert Kelliger, head of group sales at the large butcher Westfleisch
Inflation still on the rise in Poland reaching 17.9 percent
The newest data on inflation in Poland reveals the highest levels since 1996
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
German food and energy prices push inflation to new highs in October
Inflation last month was 10.4 percent compared to the same month last year, announced the Federal Statistical Office on Friday
Czech central bank predicts average inflation of 15.8%, lowers GDP growth estimate
Czechia will face economic headwinds into next year
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
Czechia saw biggest electricity price increase in entire EU
European households are feeling the pain from higher gas and electricity prices, but some nations are worse off than others
Tens of thousands of Czechs protest against NATO and EU, call for end of sanctions on Russia
The Czech Republic is seeing large demonstrations against Ukraine, the EU, and a call to end sanctions on Russia
Czechs are saving on energy, food, and are seeking second jobs, but don’t want to cut back on alcohol, polling finds
“Poor-quality nutrition worsens people’s health and quality of life, and affects well-being at work and work performance,” comments Aneta Martišková, director of corporate relations at Edenred
Majority of Czechs don’t trust current government
The Czech government has fumbled its response to the energy crisis, according to one political scientist
Entire industries may disappear in Europe and the Czech Republic
Households, on the other hand, will continue to exist despite the current difficulties
Germany could witness a cash renaissance as its economy continues to deteriorate
“Do you remember how we said inflation will probably peak here a little earlier than in Western Europe?” asks economist Markéta Šichtařová
EU inflation rate soars to new high of 10.9%
The Baltic countries have the highest inflation in Europe, but many Central and Eastern European countries are not far behind
Czech PM promises no higher taxes, except for ‘temporary’ war tax
“Citizens of the Czech Republic are very intelligent people. They see what is happening. If someone says we can close ourselves off as an energy island, they are lying,” said Prime Minister Petr Fiala
Germany saw mass protests over the weekend as cost-of-living crisis grows
German workers say they don’t want to freeze for employers’ profits
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
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
Orbán calls for sanctions on Russia to be lifted by the end of the year
PM Orbán predicts that lifting sanctions will lead to a significant drop in inflation and a halving of energy prices
‘An unbelievable price shock’ – Germany’s producer prices jump 45.8%, the highest increase since 1949
“None of this bodes well for inflation, it’s here to stay”
Almost a quarter of a million Czechs cannot pay for basic life necessities, survey shows
Approximately 1,153,000 people in the Czech Republic live in households that can be described as low-income


The EU plans to cap soaring electricity prices
The price cap will apply to solar, wind, nuclear, and coal power plants, as well as producers of electricity from biomass
‘Without energy, no economy can run’ – German companies warn of disaster as electricity and gas tap are ‘turned off’
“Every day we receive emergency calls from companies that are about to stop production,” said the president of the Central Association of German Crafts
Poland’s central bank raises interest rate to 6.75% to combat inflation
Poland’s central bank on Wednesday raised the interest rate from 6.5 percent to 6.75 percent in a move that had been widely expected in light of inflation rising above 16 percent in August
Czechia heads towards electricity price cap as chaos and uncertainty prevail
Ahead of Friday’s EU energy minister meeting in Prague, convened by Czech Industry Minister Jozef Síkela, chaos and uncertainty prevail, writes Czech commentator and economist Lenka Zlámalová
Energy crisis: 30 public pools in France suddenly close after energy bills jump from €15 million to €100 million
The company’s energy bill is a sign of what may come for business and public services across Europe
Protests over energy crisis and inflation heat up across Europe, 70,000 march in Czech capital of Prague calling for end to sanctions on Russia
“This is not our war”
Fiala and Babiš clash as Czech parliament votes on no confidence in the government
“With your government, Mr. Prime Minister, our country has no future,” declared former Prime Minister Andrej Babiš
Germans feeling the pinch as fuel prices soar higher
The end of the petrol discount was already clearly visible at gas stations in Germany
Poland: Inflation hits yet another record, surprising many economists
Polish economists were expecting inflation to decrease, instead it rose once again
Inflation hits record in eurozone, surges to 9.1%
The European Central Bank is expected to raise the base rate by at least another half-percentage point at its September meeting
Hungary’s central bank raises base interest rate to 18-year high to fight inflation
Further hikes are expected as inflation looms large
Will Germans soon run out of savings? Top banking boss warns of accelerating crisis
“60 percent of German households will have to use their entire disposable income purely for living expenses,” said Helmut Schleweis
European record broken as wholesale gas trades at €241 per MWh
Prices are approximately 11 times higher than normal for this time of year
German electricity prices break new record, exceed €500 per MWh for first time
The “seemingly unstoppable rise” in the price of natural gas is also an issue
Electricity prices reach record high in Europe, experts warn it could be the new normal
“Very expensive electricity for households will be a matter for many years in the Czech Republic,” says economist Lukáš Kovanda
Inflation in Slovakia accelerated to 13.6 percent
Inflation in Slovakia was mainly influenced by the higher prices of food and non-alcoholic beverages


Consumer confidence in Czechia hits historic low
The current mood of households and companies is very gloomy, notes publicist and economist Lenka Zlámalová
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
‘We will lose the prosperity that we had for years’ – President of German employers’ association warns of coming crisis over Russian gas cut
We are facing the biggest crisis the country has ever had, claims Rainer Dulger
Czechs curtail shopping as crisis looms and pessimism spreads
People believe the government is doing little to prevent the decline in living standards
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
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
Hungarian inflation hits 24-year record in June
Hungary’s national bank expects further hikes in the cost of living until September
Hungary makes surprise hike of one-week deposit rate to prop up currency
The forint has been in a week-long nosedive to historic lows
Unemployment in Poland lowest in 32 years, but inflation highest since 1997
Poland’s labor market is roaring, but inflation remains a major headwind
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
Dutch farmers ramp up protests against government’s crippling environmental demands
Agricultural workers have staged several disruptive protests over the Dutch government’s measures to reduce nitrogen emissions
Czech EU presidency will be defined by ‘crisis,’ warns European press outlets
The Czech government will also have to deal with growing public dissatisfaction due to the high cost of living and war fatigue
Eurozone inflation hits new record of 8.6%
Soaring energy prices are the main driver behind inflation
What is Czech PM Petr Fiala waiting for with rising electricity prices?
Higher prices are not the result of the invisible hand of the market, writes Czech publicist and economist Lenka Zlámalová
‘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


Czech president warns of general strikes, says government’s neoliberal economic ideology is trumping pragmatism
The government’s neoliberal economic policy should be dropped in favor of price caps and taxes on higher earners, says Czechia’s president
Europe’s inflation monster emerges from the depths of a sea of money
Germany is facing the most striking loss of prosperity in 50 years, writes Markus Brandstetter for Junge Freiheit
‘The Germans don’t understand what’s coming for them’ — former German finance minister warns of bad times ahead
Peer Steinbrück claims that the European Central Bank is primarily responsible for inflation and not the war in Ukraine
Poland: Rising wages not keeping pace with inflation
Polish economic data for May shows rising wages have failed to keep pace with inflation for the first time in two years
‘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
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”
Czech central bank could raise interest rates a significant 0.75 points this month
The key interest rate in Czechia is already the highest since 1999, but more increases are expected
Poland: Inflation breaks records after soaring to 13.9%, economists warn of further increases
It’s not over yet, warn Polish economists
We have not given up on fighting cost of living crisis, claims Czech PM
Fiala spoke about the consequences of inflation on Czech citizens, the ongoing debate surrounding Russian gas and oil supplies and proposed sanctions, and the need to solve the issue of benefit tourism among primarily Hungarian-speaking Roma.
Adopting the euro currency won’t fix Poland’s economic problems
The CEO of the Warsaw Stock Exchange, Marek Dietl, warns that joining the eurozone should not be treated as a panacea for temporary shifts in the Polish economy
German bank chief fears wave of bankruptcies as Ukraine war drags on
“The energy supply in Germany is at risk, supply chains are breaking down, we have high inflation”
Poll: Majority of Poles feel decline in standard of living due to inflation
In March, prices increased in Poland by 12.3 percent year-on-year, which is the highest inflation level since 1997
Poland’s interest rates rise once again
Despite Poland’s interest rate increases, inflation may only get worse