Krakow’s Balice Airport, located in southern Poland, crossed the threshold of 5 million passengers serviced since the beginning of this year, the president of the airport announced on July 24. Radoslaw Wloszek said that these numbers indicated that the scale of passenger traffic was returning to levels seen before the Covid-19 pandemic. He pointed out…
Poland’s retail sales decreased in real terms by 4.7% YoY, but rose by 0.9% MoM in June, the Central Statistical Office reported. Economists polled by PAP expected June’s retail sales to fall in real terms by 4.9% YoY and to grow by 1% MoM. In current prices, retail sales increased by 2.1% YoY in June…
Poland’s industrial output fell by 1.4% YoY in June, the Central Statistical Office (GUS) reported on July 20. Month on month, industrial output increased by 1.2%. Economists polled by PAP expected June’s industrial production to fall by 1.6% YoY and to increase by 1.5% MoM. Manufacturing prices increased by 0.5% YoY in June and fell…
Nearly 14,000 Ukrainian companies were established in Poland in the first half of 2023, the Polish Economic Institute (PIE) reported. “This is nearly the same number as in the entire year 2022,” PIE experts wrote, adding that nearly one out of ten companies established in Poland in that period was a Ukrainian one. “In the…
Poland’s core inflation, which excluded the prices of food and energy, measured 11.1% YoY in June and was down from May’s 11.5%, the National Bank of Poland (NBP) said on July 17. Inflation excluding fixed prices amounted to 10.3% in June, down from 12.1% in the previous month. Inflation excluding the most volatile items measured…
Andrzej Duda, the Polish president, has said that he is counting on an even greater presence of South Korean investors in Poland. On July 14, Duda opened the Korea-Poland Business Forum in Warsaw, a meeting of business representatives from both countries. As Duda noted in his speech, Poland “attaches great importance to cooperation with the…
Poland has introduced mandatory administration over a 20% stake in local chemical company Azoty Group that Russian fertilizer producer Acron owns with the aim of their further withdrawal, Economic Development and Technology Minister Waldemar Buda told reporters July 11. “A decision to introduce mandatory management of the shares of the companies, whose owner, participant and…