The aggregate value of mortgage loan enquiries in Poland increased by 248.8% YoY in September, the Credit Information Bureau (BIK), a credit-scoring agency reported quoting requests for verification sent by commercial and cooperative banks. A total of 36,590 potential borrowers applied for a mortgage loan in September, compared to 13,580 a year earlier, an increase…
A stronger than expected decline in inflation, including core inflation, supports the likely scenario that the Monetary Policy Council (MPC) during its meeting in October will cut interest rates, say economists. Prices of consumer goods and services (Consumer Price Index, CPI) increased by 8.2% YoY, but fell by 0.4% MoM in September, the Central Statistical…
The Krakow-Balice Airport, in southern Poland, has serviced 7 million passengers since the start of the year and expects to handle another 2 million until the year’s end, the CEO of the airport has said. Radoslaw Wloszek said that this was the third time in airport’s history that it had exceeded the threshold of 7…
Baltic Hub celebrated handling of 20 million TEUs (20-foot containers), confirming its position as the largest container terminal in the Baltic Sea, according to the company’s release. Since its inauguration in 2007, Baltic Hub has handled more than 20 million TEUs. The transshipment of the 20-millionth container, owned by the Danish shipowner MAERSK, was reported…
The Polish Nuclear Power Stations (PEJ) company signed an agreement on September 27 with the Westinghouse-Bechtel consortium for the design of the country’s first nuclear power plant. The contract was signed at a special ceremony in Warsaw attended by Mateusz Morawiecki, the prime minister, and US Ambassador to Poland Mark Brzezinski. Poland has decided to…
The National Bank of Poland (NBP) will keep its medium-term target range of inflation at 2.5% plus or minus 1% in 2024 and does not rule out interventions on the FX market, NBP has said in the monetary policy guidelines for 2024. In 2024, NBP will keep the same set of monetary policy measures as…
Poland’s unemployment rate should fluctuate only slightly until November, but might rise from the current 5% to 5.5% at the start of 2024, a government-affiliated economic think-tank said on September 25, commenting on August’s unemployment figures. The Central Statistical Office (GUS) reported that unemployment in August remained unchanged from July at 5%. “We expect a…