PGNiG said in a press release its subsidiary PGNiG Upstream Norway expected to extract 3 billion cubic metres of natural gas in 2022, 0.5 billion cubic meters more than originally planned, 2.5 billion cubic meters in 2023 and 2.9 billion cubic meters in 2024. The Polish gas giant also predicted it would extract 863,000 tons…
Relevant talks between the Minister of Infrastructure of Ukraine Oleksandr Kubrakov and the Minister of Infrastructure and Development of Poland Andrzej Adamczyk took place on the Ukrainian-Polish border. “In the context of the blocking of Ukrainian ports, Poland has become a strategically important partner of Ukraine in the export of Ukrainian agro-industrial products and transportation…
The Ministry of Finance will start issuing one-year bonds with coupons equal to the National Bank of Poland’s (NBP) interest rate, Mateusz Morawiecki, the Prime Minister, has announced. “The Ministry of Finance is launching a new type of one-year bond based on the NBP’s reference rate, now at 5.25%,” Morawiecki said on May 11. Morawiecki…
Poland should invest in improving productivity in order to maintain a high growth rate, the World Bank said in a report on May 11. The Polish economy’s growth rate has been one of the highest in the world over the past 30 years, the World Bank has said. However, in order for the country to…
Up to one in three Poles are now actively looking for a new job, according to a new poll published on May 10. The poll, carried out by the employment services company Pracuj.pl, found that 36% were looking for a new employer. More than half of the respondents in this group (51%) were aged 18-24.…
The European Bank for Reconstruction and Development (EBRD) has revised down Poland’s projected GDP growth in 2023 to 3.5% from 4.5%, according to the EBRD’s latest report. At the same time, the EBRD has maintained its forecast for Poland’s 4% GDP growth this year. According to the report, the downside risks related to geopolitical uncertainty…
Polish national air carrier LOT will extend its summer schedule of flights from Warsaw by five new destinations, the airline CEO has announced. Rafal Milczarski told journalists in Chicago on May 7 that in the coming summer season LOT would launch direct flights from Warsaw to Mumbai, Cairo, Sarajevo, Baku and Pristina. He added that,…