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…
Poland’s retail sales increased in real terms by 19% YoY, but fell by 0.1% MoM in April 2022, the Central Statistical Office (GUS) said on May 23. But in a commentary on the GUS data, the bank said that such a high figure was likely “unsustainable” because in May 2021 customers rushed to shops and…
Poland’s retail sales increased in real terms by 19% YoY, but fell by 0.1% MoM in April, the Central Statistical Office said on May 23. Economists polled by PAP expected April’s retail sales to grow in real terms by 17.8% YoY and drop by 0.5% MoM. In current prices, retail sales increased by 33.4% YoY…
Poland’s industrial output rose by 13% YoY in April, the Central Statistical Office (GUS) reported. Month on month, industrial output fell by 11.3%. Economists polled by PAP expected April’s manufacturing to grow by 15.5% YoY and to decrease by 11.1% MoM. Seasonally adjusted industrial production went up by 15.6% YoY, but declined by 0.4% MoM…
Mateusz Morawiecki, the prime minister, has stressed the importance of food security in the context of the war in Ukraine. In a Facebook post on May 18, Morawiecki said that “agriculture is a strategic sector of the Polish economy which has become even more important in the context of the ongoing conflict in Ukraine that…
In the first four months of this year, Warsaw’s Chopin Airport handled more than 2,968,000 passengers, the airport announced in a press statement on May 18. According to the Chopin Airport communique, Poland’s largest airport is seeing “a growing interest in air travel and a gradual restoration in air traffic.” The Q1 results are 28%…
A report by the Polish Economic Institute (PIE) reveals that the green transformation may accelerate economic growth by as much as 1.1% per year and does not have a negative impact on achieving sustainability targets. According to PIE analyses published in the report “Green economy – the impact of the green economy on the climate…