Poland’s GDP will increase by 3.7% this year and by 3% in 2023, the European Commission (EC) said in its spring forecast on May 16. The country’s HICP inflation will reach 11.6% on average this year and by 7.3% in 2023, according to the EC. The war in Ukraine will have a significant impact on…
As many as 73% of Poles support sanctions on Russian oil, gas and coal in reaction to Russia’s aggression against Ukraine, a survey shows. In an SW Research poll carried out for rp.pl, the online service of Poland’s national daily Rzeczpospolita, only 11.7% of respondents were against sanctions, while 15.3% had no opinion on the…
Vilnius and Warsaw will consider joint arms procurements, Lithuanian Defence Minister Arvydas Anusauskas has said during a joint press conference with his visiting Polish counterpart Mariusz Blaszczak in Vilnius. “The synchronisation of acquisitions is not a simple thing. We are trying to synchronise the purchase of multiple rocket launchers with the Baltic countries. Of course,…
According to initial estimates, Poland’s 2021 GDP was valued at PLN 2.62 trillion (EUR 560 billion) the Central Statistical Office (GUS) reported on May 12. GUS said the GDP estimate helped the Finance Ministry determine the size and relation to GDP, of the public debt, the State Treasury debt and outstanding liabilities issued by the…
Poland’s consumer authority has imposed a 5.3-million zloty (EUR 1.14 million) fine on Vinted, a Lithuanian 3.5-billion-euro platform for trading second-hand clothing and items. Vinted “had provided inadequate information regarding the conditions of access to the money earned by sellers on the platform and the possibility of opting out of a paid feature protecting buyers”,…
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…