Polish banks look set to tighten the lending criteria for all types of loans in the second quarter, according to a central bank survey of the heads of banks’ loan committees. The biggest tightening could hit consumer loans due to an expected deterioration in economic conditions, and an increase in the share of non-performing loans…
Hungarian low-fare airline Wizz Air plans to expand its network of destinations and increase its fleet in the Polish capital. On May 2, the airline announced that it would add a new aircraft to the ones based in Warsaw to increase the frequency of flights on 13 routes from Chopin Airport. The carrier also said…
Over 67% of Poles are of the opinion that that the government will be unable to combat high inflation, a recent poll has found. Prices of consumer goods and services (Consumer Price Index, CPI) increased by 14.7% YoY and by 0.7% MoM in April, according to a flash estimate published by the Central Statistical Office…
Warsaw-Radom Airport, located some 110 km south of Warsaw, has opened for business again after a PLN 800-million (EUR 174.4 million) refit. The airport will serve as a supplementary facility to Chopin, Warsaw’s primary airport. Speaking at the opening ceremony Prime Minister Mateusz Morawiecki said that Warsaw-Radom Airport would relieve the pressure on Chopin, which…
The Polish economy will continue to grow and inflation will gradually fall to a single-digit level towards the end of this year, deputy finance minister has said. Artur Sobon told a press briefing during the European Economic Congress in Katowice on April 25 that the economic slowdown was present throughout Europe this year. “However, all…
The government looks set to extend the zero percent VAT rate on food staples owing to the effects of high inflation, the government’s spokesperson said on April 25. Piotr Mueller said that an extension would be “a most reasonable” decision. “We are always observing the basket of, so to speak, basic products and, in this…
Poland’s industrial output fell by 2.9% YoY in March, the Central Statistical Office (GUS) reported on April 24. Month on month, industrial output increased by 14.1%. Economists polled by PAP expected March’s industrial production to fall by 1.8% YoY and to grow by 15.2% MoM. Manufacturing prices increased by 10.1% YoY in March, but fell…