Poland: GDP at EUR 560 billion in 2021

According to initial estimates, Poland’s 2021 GDP was valued at PLN 2.62 trillion (EUR 560 billion) the Central Statistical Office (GUS) reported on May 12. GUS said the GDP estimate helped the Finance Ministry determine the size and relation to GDP, of the public debt, the State Treasury debt and outstanding liabilities issued by the…

Lithuania: Polish consumer watchdog fines Vinted for misleading users

Poland’s consumer authority has imposed a 5.3-million zloty (EUR 1.14 million) fine on Vinted, a Lithuanian 3.5-billion-euro platform for trading second-hand clothing and items. Vinted “had provided inadequate information regarding the conditions of access to the money earned by sellers on the platform and the possibility of opting out of a paid feature protecting buyers”,…