A temporary suspension of mortgage payments by borrowers who are strapped for cash due to rising interest rates may cost the banking sector up to PLN 20 billion (EUR 4.34 billion), the National Bank of Poland (NBP) has said. The government has proposed the so-called mortgage vacations, a four-month suspension of payments per year, as…
Inflation in Poland should start to fall in late 2022, provided that the war in Ukraine ends, a deputy finance minister has said. Poland is now battling rising inflation. According to the Central Statistical Office (GUS), prices of consumer goods and services (Consumer Price Index, CPI) in Poland increased by 12.4% YoY and by 2%…
Poland’s unemployment rate fell to 5.2% in April from 5.4% March, the Central Statistical Office (GUS) reported on May 25. The number of registered unemployed measured 878,000 in April against 902,100 in the previous month, GUS also said. Earlier, the Family and Social Policy Ministry estimated April’s unemployment at 5.3%. (The First News/Business World Magazine)
Poland may become the strongest link of global supply chains that have been disrupted by the coronavirus pandemic and war in Ukraine, Mateusz Morawiecki, the Polish prime minister, has said. Supply problems resulting from Covid-19 lockdowns and the war in Ukraine have been stifling the reviving global growth as economies are facing shortages of components,…
Poland’s prime minister said that at the World Economic Forum in Davos, Switzerland, he held meetings with the CEOs of major tech companies, thanks to which the latest technology and new investments would come to Poland. “Such big investments for the future were confirmed by me,” Morawiecki said. Mateusz Morawiecki said during a visit to…
Mateusz Morawiecki, the Polish prime minister, in Davos, praised the rate of Poland’s economic development and said that the country was aiming to speed it up. “Poland is a developed economy and we still have an appetite for further growth. And we are ready to accelerate the pace even more,” he told a discussion panel…
Poland recorded a PLN 9.2-billion (EUR 2-billion) state budget surplus after the first four months of 2022, the finance minister indicated. This compares to a PLN 0.3-billion (EUR 65-million) deficit in Q1, Magdalena Rzeczkowska wrote in a comment on May 24. “In April, state budget revenues rose by 4.3% YoY or by around PLN 2…