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,…
Poland’s estimated unemployment rate in April stood at 5.3%, against 5.4% in March, the family and social policy minister said on May 9. Close to 879,900 unemployed people were registered at labour offices at the end of April, down from 902,100 at the end of the previous month, Marlena Malag also said. The final end-April…
The National Bank of Poland (NBP) has over EUR 140 billion in foreign currency reserves, nearly twice as much as 10 years ago, the bank’s president has written in a weekly magazine. Writing in the “Wszystko co najwazniejsze” (“Everything that’s most important”) opinion magazine, published by the New Media Institute Foundation, Adam Glapinski argued that…
The inflow of foreign direct investment (FDI) into Poland in 2021 hit a record high of $24.8 billion, up by 82% from pre-pandemic 2019. According to the state-owned think tank, Polish Economic Institute (PIE), Poland was 14th in the world and the third in the EU, behind Germany and Sweden, in terms of the value…
Around 102,000 Ukrainian citizens have found employment in Poland since February 24, when Russia invaded their country, the daily Rzeczpospolita wrote on May 5 citing the Labour Ministry’s data. Under the Polish government’s special law passed in early March, Ukrainian citizens can take up work in Poland without the need to obtain a special permit.…
Poland’s seasonally adjusted unemployment rate remained unchanged at 3% in March from the previous month, Eurostat, the EU’s statistical office, reported on May 4. According to Eurostat, in March, the unemployment rate in the eurozone countries, according to seasonally adjusted data, stood at 6.8%. According to Poland’s Central Statistical Office (GUS), Poland’s unemployment rate fell…