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…
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…