June 19 marked a record-breaking day for domestic gastronomy after Bottiglieria 1881 became the first Polish restaurant to win two Michelin stars. The good news did not end there with the Warsaw-based Nuta also winning a star in its first full year of operation. The city of Poznan, too, was left celebrating after Muga became…
The first flight by LOT Polish airlines’ dreamliner over the polar route took off from Tokyo to Warsaw on June 17. Owing to the Civil Aviation Authority’s decision to change part of the Air Operator Certificate (AOC), LOT Polish Airlines’ Dreamliners can fly over the North Pole, LOT’s spokesman Krzysztof Moczulski wrote on Twitter. By…
A June 15 ruling by the Court of Justice of the European Union (CJEU) on foreign-currency-denominated mortgages, which favoured consumers, came as no surprise and the Polish banking sector was prepared for it, a deputy finance minister said. The CJEU ruling said that consumers could demand compensation from banks beyond the reimbursement of monthly installments…
Prices of consumer goods and services (Consumer Price Index, CPI) rose by 13% YoY and were unchanged MoM in May, the Central Statistical Office (GUS) reported on June 15. In a flash estimate published earlier, GUS said that May’s CPI would reach 13% YoY and remain flat MoM. In April, the prices of consumer goods…
The National Bank of Poland (NBP) announced on June 14 that the institution had been honoured at the Central Banking Awards 2023 held in London. NBP received the Central Banking “Currency Manager” Award for its money management in face of the Russian invasion of Ukraine. Adam Glapinski, the head of the Polish central bank, as…
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…