Two Polish economic zones were recognised among top 10 global economic zones in the 2023 ranking by the fDi Intelligence analytical centre from the Financial Times group. Katowice Special Economic Zone (KSSE) in southwestern Poland won the first place in Europe, for the seventh time, and was ranked fourth best in the world. Lodz Special…
The International Monetary Fund (IMF) has cut Poland’s GDP growth forecast for 2023 to 0.6% from the 1.2% estimated earlier, it has said in its latest edition of the World Economic Outlook. But it also revised up its forecast for 2024 to 2.3% from the 2.2% predicted in an earlier report. At the same time,…
In connection with the current situation in Israel, Poland’s national air carrier LOT and the Hungarian low-fare airline Wizz Air have cancelled their flights to and from Tel Aviv planned for October 8. The Hamas militant group in the Gaza Strip carried out an unprecedented attack on Israel around 6:30 a.m. local time on October…
The National Bank of Poland (NBP) prefers to act gradually on interest rates, with potentially several minor cuts rather that a single larger one, the central bank’s governor has said. Adam Glapinski held a press conference on October 5, a day after the NBP’s Monetary Policy Council cut Poland’s interest rates by 25 basis points,…
Poland’s Gross Domestic Product (GDP) increased by 5.3% YoY in 2022, the Central Statistical Office (GUS) reported in its corrected estimate on October 5. In April, GUS reported that Poland’s economy grew by 5.1% in 2022. “In accordance with the corrected estimate, Poland’s GDP grew in real terms by 5.3% in 2022,” GUS wrote. “This…
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…