The airport in the southwestern Polish city of Wroclaw has broken its pre-pandemic record for passenger numbers with more than 3.5 million people serviced so far this year. Wroclaw Airport CEO Cezary Pacamaj expects the facility to have serviced almost 4 million travellers by the end of the year. The airport’s management said the record…
Poland’s retail sales increased by 2.8% YoY and by 3.2% MoM in real terms in October, the Central Statistical Office (GUS) reported on November 22. Analysts surveyed by PAP were betting on a 1.7% annual increase and a 2% monthly rise in real terms in October. At current prices, Polish retail sales went up by…
Poland’s industrial output increased by 1.6% YoY in October versus a 1.9% annual increase expected in the PAP consensus survey, on a 4.1% MoM increase, the Polish stats office (GUS) announced. Analysts surveyed by PAP had expected a 4.3% monthly increase. (PAP/Business World Magazine)
Poland’s listed energy concern Orlen has taken over a 100% stake in Kufpec Norway, a unit of the international oil company Kuwait Foreign Petroleum, which is engaged in exploration in Norway. The deal has a transaction value of $445 million as estimated for January 1, 2024, Orlen has said in a press statement. Thanks to…
Poland’s core inflation, which excluded the prices of food and energy, measured 8% YoY in October and was down from September’s 8.4%, the National Bank of Poland (NBP) said. Inflation excluding fixed prices amounted to 5.1% in October, down from the level of 6.8% in the previous month. Inflation excluding the most volatile items measured…
Poland’s workday-adjusted industrial production fell by 0.9% YoY in September, following a 1.9% decline in August, according to EU stats office Eurostat. In the euro zone, industrial output fell by 6.9% YoY and by 1.1% MoM in September after a 5.1% annual decline and a 0.6% monthly rise in August, Eurostat said. (PAP/Business World Magazine)
The European Commission cut the GDP growth forecast in Poland to 0.4% in 2023, slightly down from 0.5% estimated earlier, while it maintained the estimate for 2024 at 2.7%, the Autumn European Forecast showed. “The Polish economy remained weak in the first half of 2023, but was set to return to growth in the third…