Poland is facing double-digit inflation, the president of the Polish Development Fund has said. The warning comes, as prices of consumer goods and services (Consumer Price Index, CPI) increased by 12.3% YoY and by 2% MoM in April, the Central Statistical Office (GUS) reported in a flash estimate. Economists polled by PAP Business estimated that…
This year’s economic growth is expected to reach 3.8%, while annual inflation is to amount to 9.1%, according to a Finance Ministry macroeconomic forecast published on April 26. The government approved a multi-year financial plan for the years 2022-2025, part of which was an updated convergence program to be handed over to the European Commission…
Poland’s unemployment rate fell to 5.4% in March from 5.5% February, the Central Statistical Office (GUS) reported on April 26. The number of registered unemployed measured 902,100 in March against 921,800 in the previous month, GUS also said. Earlier, the Family and Social Policy Ministry estimated March’s unemployment also at 5.4%. (The First News/Business World…
Poland is helping Ukrainian refugees, but they are also helping Poland by taking up vacant jobs, Mateusz Morawiecki, the Polish prime minister, has said. Since February 24, when Russia invaded Ukraine, a total of 2,944,000 people have crossed the Polish-Ukrainian border into Poland, the Border Guard (SG) report. Most of the refugees have stayed in…
Poland’s general government sector deficit will reach 4% of GDP in 2022, Mateusz Morawiecki, the prime minister, has said. Last year, according to Central Statistical Office data, Poland’s general government deficit settled at 1.8%. “This year the deficit of the public finance sector will be higher, at the level of around 4%,” Morawiecki said at…
The majority of Poles believe the country’s economy is in a bad condition, according to the results of a new survey published on April 22. The Kantar poll found that in the first half of April, 67% of respondents described the condition of Poland’s economy as poor, while 25% voiced the opposite opinion. Only 8%…
Drogerie dm, Germany’s largest chain of retail stores offering cosmetics and healthcare products, has opened its first shop in Poland. The first store opened in the western city of Wroclaw on April 21. The cost of the launch came to EUR 0.4 million. Drogerie dm will have to compete with fellow German firm Rossmann, which…