Poland’s central bank (NBP)’s rate-setting Monetary Policy Council (RPP) decided to leave the reference interest rate at 6.75% for the eighth consecutive month on May 10 arguing that a series of external and internal factors should bring inflation down. “The Council assessed that the weakening of the external economic conditions, together with a decline in…
Poland’s appetite for authentic pizza has been affirmed after three restaurants were named as among the best in Europe by the prestigious, Italian-run portal Top 50 Pizzeria Europa. With the list purposefully excluding Italian pizzerias, the European rankings were topped by Barcelona’s Sartoria Panatieri. Baest in Copenhagen was placed second and London’s 50 Kalo third.…
Poland’s unemployment rate stood at 5.3% in April, down by 0.1% MoM and by 0.3% YoY, according to an estimate by the Social Policy and Labour Ministry. According to preliminary data, in April there were 823,700 registered unemployed people, down by 2.7% MoM. Compared to the end of April 2022, the number of the unemployed…
Polish retail sales went down by 6.1% YoY in March after a 0.7% decrease in February, Eurostat, the EU’s statistics agency, reported. Month on month, retail sales went down by 2.4%, the agency also said. Retail sales in the eurozone fell by 3.8% YoY in March after a 2.4% decrease a month before. In monthly…
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…