The share of budget expenditures in Poland’s GDP in 2024 will stand at 22.5% against 20.1% in 2023, the Finance Ministry has announced. The ministry made the statement in a justification for the budget bill for next year, published on August 25, having been accepted by the Cabinet on August 24 and sent to the…
The Polish Cabinet approved the 2024 draft budget, Mateusz Morawiecki, the prime minister, told a press conference on August 24. “Budget revenues are rising, this year they will be PLN 605 billion (EUR 135 billion) and next year over PLN 680 billon (EUR 152 billion),” Morawiecki said. A presentation by the Prime Minister’s Office showed…
Poland’s Agriculture Ministry has announced that 11 beef-processing companies have received authorisation to export the meat to Thailand. The ministry said that Thai authorities had informed it that beef meats and beet offal from Poland would be allowed onto the Thai market. “Eleven beef production plants have been granted the right to export to the…
Poland’s industrial output fell by 2.7% YoY in July, the Central Statistical Office (GUS) reported on August 21. Month on month, industrial output fell by 8.5%. Economists polled by PAP expected July’s industrial production to fall by 0.8% YoY and to increase by 6.6% MoM. Manufacturing prices fell by 1.7% YoY in July and by…
Poland’s Gross Domestic Product (GDP) decreased by 0.5% YoY in the second quarter of 2023, the Central Statistical Office (GUS) reported. Compared to the previous quarter, the economy fell by 3.7%, GUS said in a flash estimate. Poland’s economy contracted by 0.3% in the first quarter of 2023, after a 2.3% growth in the fourth…
The number of Asians working in economic sectors previously dominated by Poles and Ukrainians is increasing every month, according to the newspaper Rzeczpospolita. Asian workers, from countries such as the Philippines and Indonesia, are becoming common-place in the manufacturing, hospitality and construction sectors, the paper writes. They are taking the place, it appears, of Ukrainians…
Prices of consumer goods and services (Consumer Price Index, CPI) rose by 10.8% YoY and were down by 0.2% MoM in July, the Central Statistical Office (GUS) reported on August 14. GUS confirmed its figures reported earlier in a flash CPI estimate. In June, the prices of consumer goods and services increased by 11.5% YoY…