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…
Poland’s Consumer Price Index (CPI) eased to 6.6% YoY in November from 6.5% in October, stats office GUS data showed. The earlier flash estimate of the stats office showed a 6.5% CPI in November. In monthly terms, Poland’s consumer prices increased by 0.7% in November, while in October they were up by 0.7% compared to…
Adam Szlapka, the new minister for European Union affairs, has said Poland is actively pursuing the unlocking of billions of euros in European money, emphasising the need for swift action and comprehensive rule of law changes. Szlapka is the new EU minister in the Donald Tusk government sworn-in by President Andrzej Duda on December 13.…
Poland will receive over CHF 320 million from the next edition of the Swiss-Polish Cooperation Programme to improve the life in smaller towns and facilitate research. Malgorzata Jarosinska-Jedynak, the minister for development funds and regional policy, announced that the second edition of the Swiss-Polish Cooperation Programme would cover two initiatives. First, the Polish-Swiss Programme for…
Donald Tusk, Poland’s new prime minister, has said that future of the Central Transportation Hub (CPK), the former government’s flagship project, will be determined in a transparent way. The financing of the CPK, a plan for a new airport with road and rail links to be located in the centre of the country, worth PLN…
Inflation is Poland is continuing to fall and is on its way to hitting the central bank’s (NBP) inflation target, Adam Glapinski, the bank’s governor, has said. Glapinski was speaking a day after the Monetary Policy Council (MPC) left the reference interest rate unchanged at 5.75%. Inflation in Poland now stands at 6.5% having hit…