Poland’s high inflation in recent quarters has been fuelled by rising manufacturing costs owing to growing prices of oil and gas as well as government decisions, the Polish Chamber of Commerce (KIG) has said. Core inflation, which excludes the prices of food and energy, reached 6.9% YoY in March, the National Bank of Poland (NBP)…
Poland’s core inflation, excluding the prices of food and energy, measured 6.9% YoY in March, up from 6.7% in February, the National Bank of Poland (NBP) said on April 19. Core inflation, excluding fixed prices, amounted to 10.6% in March, up from 8% in the previous month. Core inflation, excluding the most volatile priced items,…
The Polish national air carrier PLL LOT will soon launch two new routes from Warsaw to Egypt and Kosovo. “From May 31, LOT passengers will be able to travel from Warsaw Chopin Airport to the capital of Egypt. The flights to Cairo will be operated by Embraer 190 planes five times a week, on Mondays,…
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,…