Polish retail sales grew by 14.5% YoY in March after a 14.2% increase in February, Eurostat, the EU’s statistics agency, reported on May 4. Month on month, retail sales went up by 0.7%, the agency also said. Eurostat annual growth figures are work-day adjusted, while the monthly growth figures are also seasonally adjusted. Eurostat data…
Passenger traffic at Polish airports increased by 35% last year against 2020, but was still down by 60% compared to 2019, due to the recurring waves of the Covid-19 pandemic, the Civil Aviation Authority (ULC) said. “Due to the pandemic, new restrictions on air travel continued or were imposed, which made it difficult to rebuild…
Over 80% of the Polish public appreciate the economic benefits of EU membership, while 82% see its results in an improved situation on the labour market, according to a report by the Polish Economic Institute (PIE). May 1 marked Poland’s 18th anniversary of EU accession. During this time, the country’s GDP per capita has grown…
Global ratings agency Moody’s has affirmed Poland’s long-term credit rating at the A2 level, an upper-medium grade, with stable outlook. Moody’s acknowledged Poland’s efforts to increase its energy security and bolster NATO guarantees, the resilience of the country’s economy and its strong institutional framework as well as a beneficial structure of debt and its relatively…
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…