Poland’s Ministry of Finance is planning for a draft law on payment suspension for mortgage holders to enter into force from March 1, 2024, the ministry has said in a letter to the bill’s consultants. The mortgage moratorium scheme was intended to help mortgage owners whose monthly installments skyrocketed due to rapidly rising interest rates.…
Warsaw and Tashkent will soon have direct flights, as Uzbek diplomats have met with the president of LOT Polish Airlines in Warsaw. The Polish airline plans to initiate these flights from March 2024. Relations established during a summer visit to Uzbekistan by the airline’s delegation, involving discussions with the Ministry of Transport, Civil Aviation Agency,…
Polish carriers blocking three checkpoints on the Polish-Ukrainian border refused to suspend the blockade for the holidays. The organizer of the carriers’ strike in Dorohusk, Edita Ozygala, announced this after a meeting with the Minister of Infrastructure, Darius Klimczak. According to the activist, protesters will continue the blockade through the holidays and have already drawn…
The first EU pandemic recovery funds under Poland’s National Recovery Plan (KPO) could come to Poland late in the first quarter or early in the second quarter of 2024, the new funds minister said. The new Polish pro-EU government, which took office in mid-December, was determined to mend relations with Brussels, which had been strained…
The coming months offer hope for a stabilisation of inflation in Poland, Andrzej Domanski, the minister of finance, has said. “The bane of the Polish economy has been very high inflation in 2022 and 2023,” the minister said in parliament on December 21. “In 2022, it averaged 14.4%, and this year it would be around…
Poland’s core inflation, which excludes the prices of food and energy, measured 7.3% YoY in November and was down from October’s 8.0%, the National Bank of Poland (NBP) reported. Inflation excluding fixed prices amounted to 5.2% in November, up from the level of 5.1% in the previous month, the central bank said. Inflation excluding the…
Pawel Mucha, a board member of the National Bank of Poland (NBP), has apparently criticised his boss for the amounts of bonuses he takes. Mucha, a former presidential official, has been in conflict with the central bank governor, Adam Glapinski. “The NBP President’s bonuses for the first quarter – 3x, second quarter – 3.5x, third…