Prices of consumer goods and services (Consumer Price Index, CPI) increased by 11% YoY and by 3.3% MoM in March, the Central Statistical Office (GUS) reported. In an earlier flash estimate, GUS said March’s inflation was up by 10.9% YoY and by 3.2% MoM. In February, the prices of consumer goods and services increased by…
The Polish state-owned natural gas giant PGNiG has appealed to the Court of Justice of the European Union (CJEU) against the General Court of the EU’s rejection of Poland’s charges versus Gazprom. In February, the General Court of the EU rejected charges against a 2018 settlement between the European Commission (EC) and Russian oil and…
Donald Tusk, leader of Poland’s main opposition party Civic Platform (PO), has suggested a package of solutions to help society weather rising prices, interest rate increases and shrinking savings. Poland’s inflation reached 10.9% YoY in March despite the seventh rate hike in a row by the central bank, which pushed the reference interest rate up…
The value of the Polish e-commerce market reached PLN 111 billion (EUR 23.9 billion) in 2021, of which 56% were goods and 44% services, the PMR researcher found. Online sales of services were worth PLN 48.7 billion (EUR billion) in 2021 and are expected to double, to PLN 97 billion (EUR 20.9 billion), until 2027,…
Polish rolling stock maker PESA is set to equip Tallinn with 23 new trams worth EUR 50 million after winning the city’s tender. The first vehicles are set to arrive in 2024. Tallinn’s international tram procurement attracted three bidders, with PESA emerging as the winner, the city government reported. The tender is worth EUR 50…
In 2021, Poland recorded the highest trade deficit with Russia in nearly a decade, chiefly due to the significant increase in fuel prices. “Last year’s trade deficit increased to its highest level since 2014 and amounted to PLN 41.8 billion (EUR 9.1 billion),” the National Bank of Poland (NBP) reported on April 11, adding that…
With a share of 17% in total production, Poland is the third-largest producer of eggs in the European Union, a deputy head of the National Support Centre for Agriculture (KOWR) has said. Marcin Wronski said that the supply of domestic eggs far exceeded domestic demand, making Poland one of the largest exporters of eggs in…