In the first half of 2023, grain transshipment at the Port of Gdynia reached a record-high level of 3.3 million tons, deputy infrastructure minister announced on the X platform on September 12. The Puls Biznesu business newspaper reported on September 11 that 130% more grain was exported through terminals at the Port of Gdynia in…
Philip Morris International (PMI) will spend over PLN 1 billion (EUR 214 million) on a new production plant for heated tobacco sticks to be located in Krakow, southern Poland, the firm’s CEO has announced. Michal Mierzejewski, president of PMI for north-east Europe, told a news conference on September 12 that since 1996 PMI had invested…
Poland’s economy is predicted to grow by 0.5% in 2023 and by 2.7% in 2024, while headline inflation could hit 11.4% this year before easing to 6.1% next year, according to summer forecasts from the European Commission (EC). The new GDP growth forecast comes slightly below the EC’s May expectation of 0.7% for this year,…
Poland sees inflation declining faster than expected and the economy growing below estimates, so the interest rates have been adjusted, Adam Glapinski, governor of the central bank (NBP), has told a press conference following a surprising interest rate cut to 6%. “Poland has met previously-assumed conditions for an interest rate cut, namely reaching single-digit inflation…
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…