An expert from the think tank the Polish Economic Institute (PIE) has called the September 6 interest rate cuts “surprising”, adding that that until the end of next year rates will fall to around 5.25% Poland’s central bank’s rate setting Monetary Policy Council (RPP) cut all interest rates by 0.75% on September 6, bringing the…
The Danone Group will invest PLN 230 million (EUR 51 million) to build a new factory in the southern city of Opole, the development and technology minister has announced. Waldemar Buda made the announcement during a press conference at the 32nd Economic Forum in Karpacz, southwestern Poland, on September 6. Buda told journalists that this…
Poland’s Council of Ministers adopted at its September 5 sitting a government programme aimed at supporting the development of the capital, Warsaw, between the years 2023 and 2030, the culture minister announced on X. Piotr Glinski tweeted that the programme’s aim was to “increase the capital’s development potential and raise residents’ living standards through financial…
Anti-inflation shields, introduced to help the Polish people cope with high inflation, will remain in place if necessary, the Polish government spokesman has said. “Our government always takes action during crises. Financial, anti-crisis and anti-inflation shields were launched when the need arose,” Piotr Mueller wrote on X. “The situation will look the same in the…
Poland’s economy will expand by 2-2.5% in the fourth quarter of the year, while inflation will fall to 6.5-7%, the president of the Polish Development Fund (PFR) has said. “Real incomes are likely to grow by 2-3%,” Pawel Borys wrote on X on August 31, adding that this should increase consumption. “But investments and exports…
Prime Minister Mateusz Morawiecki, responding to opposition comments, said that the planned construction of the new Central Transportation Hub (CPK) did not mean the land on which Warsaw’s Chopin Airport stood would be sold-off, it would be transferred to a state owned company with a ban on privatisation. During an August 29 Live broadcast on…
LOT Polish Airlines plans to gain a net profit that exceeds PLN 1 billion (EUR 222 million) in 2023, a state assets deputy minister has said. Maciej Malecki declared that LOT would not be sold, as “there is no consent” to such a move. Referring to this year’s financial plans, Malecki said that he was…