The government agreed on Poland’s 2024 draft budget, the prime minister told a press conference after a Cabinet meeting on June 13. Mateusz Morawiecki said the government had also agreed to raise the minimum wage. He added that compared to other European countries Poland’s current economic results “are nothing to be ashamed of”. “We have…
An amendment to Poland’s 2023 budget law, adopted by the government on June 9, foresees the deficit PLN 24 billion (EUR 5.37 billion) higher than previously, the minister of finance has announced. The budget deficit for 2023 was originally planned at PLN 68 billion (EUR 15.22 billion), with expenditures seen at PLN 672.5 billion (EUR…
The Polish government has agreed to trade unions’ demands to offer further support to energy-intensive companies this year amid an ongoing energy crisis. Prices of energy commodities rose after Russia invaded Ukraine in February 2022 causing a number of energy-intensive Polish companies to struggle with energy costs. The agreement between the government and the Solidarity…
Adam Glapinski, the governor of the National Bank of Poland (NBP), has said that inflation is falling, as predicted in forecasts, and that this process will continue. “As we predicted in the projection, inflation is definitely falling,” Glapinski confirmed during a press conference on June 7, a day after the NBP’s Monetary Policy Council decided…
Polish retail sales went down by 2% YoY in April after a 5.1% decrease in March, Eurostat, the EU’s statistics agency, reported on June 6. Month on month, retail sales went up by 1.4%, the agency also said. Eurostat annual growth figures are work-day adjusted, while the monthly growth figures are also seasonally adjusted. Eurostat…
The raise in the monthly child benefit to PLN 800 (EUR 177) from PLN 500 (EUR 111) will cost the Polish government more than PLN 24 billion (EUR 5.3 billion) in the first year, a legislation impact assessment indicates. According to the assessment, “the cost of the implementation of the changes will increase the expenditure…
Poland’s seasonally-adjusted unemployment rate remained unchanged MoM at 2.7% in April, Eurostat, the EU’s statistical office, reported on June 1. The number of unemployed rose to 470,000 in April from 466,000 in March, Eurostat also said. According to Eurostat, the seasonally-adjusted unemployment rate in the eurozone countries stood at 6.5% in April, after correction, against…