As many as 185,000 Ukrainians have been employed under a simplified procedure that Poland introduced to help them find work, the Ministry of Family and Labour has said. Under a special law, Ukrainian citizens who arrived in Poland after February 24, when Russia invaded Ukraine, can take up employment without the need to apply for…
Minister of Energy of Ukraine Herman Galushchenko and Minister of Climate and Environment of Poland Anna Moskwa signed a Memorandum of Intent on cooperation in the field of energy. The document was agreed to boost energy security in Central and Eastern Europe and to drop Russian energy supplies. The memorandum states the intention to restore…
Poland’s Purchasing Managers’ Index (PMI) fell to 48.5 points in May from 52.0 points in April, economic researcher S&P Global reported on June 1. Economists polled by PAP predicted the PMI would reach 52.0 points in May. According to S&P Global, the reasons for the decline included the war in Ukraine and inflationary pressures. The…
Poland is ready to develop its infrastructure to transport Ukrainian grain blocked by Russia to the Middle East and Africa, Mateusz Morawiecki prime minister of Poland said on May 31. “I have told our friends in the EU that Poland is ready to change and expand its border, transport, railway and port infrastructures in a…
Western sanctions on Russia are inflicting increasing economic pain, Mateusz Morawiecki, the Polish prime minister, has said. Morawiecki made the claim upon the conclusion of an EU summit in Brussels on May 31 where EU leaders agreed on an oil embargo against Russia, hitting at the foundations of the country’s economy. “The sanctions are slowly…
Inflation in Poland will stay at a double-digit rate until the end of the year, likely peaking in August, an analyst at the Polish Economic Institute (PIE) has predicted. Marcin Klucznik also said that during the summer, food prices would be 20% up YoY. The Central Statistical Office (GUS) announced on May 31 that the…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 13.9% YoY and by 1.7% MoM in May, the Central Statistical Office (GUS) reported on May 31. Analysts surveyed by PAP expected a 13.8% annual hike in consumer prices in May and a 1.6% monthly increase. In April, the prices of consumer goods…