Poland’s inflation is rapidly falling from its record-high level in line with the National Bank of Poland’s (NBP) projections, the NBP head has said. Adam Glapinski held a press conference on April 6 following the NBP’s Monetary Policy Council’s April 5 decision to keep all interest rates unchanged for the seventh month running, with the…
Ukrzaliznytsia JSC has successfully completed a test run on the 1,435 mm European gauge line, which will give a start to the railway connection between Warsaw and Rava-Ruska with a transfer to Lviv in a few months. Together with railway workers, Polish Infrastructure Minister Andrzej Adamczyk and Ukrainian Deputy Prime Minister for Restoration – Communities,…
Despite the war, Poland’s trade turnover with Ukraine is at an all-time high, Andrzej Duda, the president of Poland, said during a Polish-Ukrainian Economic Forum held in Warsaw on April 5. “Before the war, more than a thousand Polish companies operated in Ukraine, and hundreds of thousands of Ukrainian companies operated on the Polish market,…
The first train is going on a test trip, which in a few months will launch a connection between Warsaw and Rava-Ruska with a transfer to Lviv. From April 5, the Ukrainian and Polish railways is carrying out a joint test run on the 1435 mm European gauge line between Lublin and Rava-Ruska. For Polish…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%. The National Bank of Poland’s Lombard rate remained at 7.25%, the rediscount rate at 6.80% and the discount rate at 6.85%, the RPP announced after its sitting on April 5. The RPP also left the deposit…
About 90% of Ukrainians working in Poland are satisfied with their jobs with only 10% of them looking for a new employer, a survey has shown. Gremi Personal, a staffing agency for foreigners, found that 17% of highly qualified Ukrainians had found jobs in the area they used to work in back home, 50% said…
The Polish general government deficit reached 3.4% of the country’s GDP in 2022, while Poland’s total debt amounted to 49.1% of GDP at the end of 2022, the Central Statistical Office (GUS) reported. This compares to a 1.8% general government deficit and debt-to-GDP ratio of 53.6% in 2021, GUS said in a flash estimate on…