Poland’s Gross Domestic Product (GDP) increased by 8.5% YoY in the first quarter of 2022, the Central Statistical Office (GUS) said on May 31. The figure is in line with GUS’s previous flash estimate. In the fourth quarter of 2021, the country’s GDP rose by 7.6% year, GUS said. Investment went up by 4.3%, private…
Egypt is Poland’s prospective supplier of liquefied natural gas (LNG), Andrzej Duda, the Polish president, said during his visit to Cairo on May 30. While in Egypt, Duda held talks with his Egyptian counterpart, Abdul Fattah al-Sisi. “We believe Egypt is a very prospective partner and we absolutely support negotiations that are going on between…
As many as 98% of Polish municipalities have received aid under the government’s Strategic Investment Programme, Mateusz Morawiecki, the prime minister, has said. According to Morawiecki, each of the municipalities benefiting from the programme has seen at least one project approved. “We need an economic model that is based on solidarity, one in which the…
In the next few years, the expenses related to green transformation, which make it possible for Poland to meet the climate targets of the European economy, may reach even PLN 100 billion annually. Such a huge challenge is impossible to undertake without the involvement and determination of the entire banking sector, as Jerzy Kwiecinski, Vice…
Poland’s air traffic management authority and the air traffic controllers’ trade union have concluded a preliminary agreement on changes to the work and remuneration regulations proposed by the latter, both parties have announced. The majority of air traffic controllers in Warsaw were protesting in the first months of the year and threatening to quit their…
The financial results of the Polish Airports State Enterprise (PPL), the operator of several Polish airports, including the Warsaw Chopin Airport, considerably improved in 2021, the second year of the pandemic, against 2020, the company reported. Although PPL recorded a loss of about PLN 185 million (EUR 40 million) in 2021, the result was better…
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…