Poland will contribute to creation of a new safe traffic system in Azerbaijan, Deputy Minister of Infrastructure of the Republic of Poland Andrzej Bittel has said during a conference on “Strengthening of road safety in Azerbaijan”. According to him, the expert group from Poland and Lithuania will share their experience with their Azerbaijani colleagues. “I’m…
Poland’s macroeconomic policy should just focus on bringing down inflation so it hits the central bank’s target, a member of the rate-setting Monetary Policy Council (RPP) has told an economic forum in Warsaw. Inflation in Poland came to 17.2% in January, well above the target rate of 2.5%, plus/minus 1%. “What should happen, and happen…
Poland’s seasonally-adjusted unemployment rate went down to 2.8% in January from 2.9% in December 2022, Eurostat, the EU’s statistical office, reported on March 2. The number of unemployed edged down to 480,000 in January from 494,000 in December 2022, Eurostat also said. According to Eurostat, the unemployment rate in the eurozone countries, according to seasonally…
The high level of core inflation in Poland rules out the possibility of interest rates being cut this year, analysts at a government think tank, the Polish Economic Institute (PIE), have said. “The long period of high inflation also affects the activities of the NBP (National Bank of Poland),” PIE wrote. “We estimate that core…
Polish economic growth will decelerate this year to 1%, slightly above market expectations, economists from ING have said. The bank’s experts issued a statement on March 1 in response to the publication of a new report from S&P Global with data on Poland’s manufacturing sector purchasing managers’ index (PMI). The report showed that the index…
Yaroslav Demchenkov, Deputy Minister of Energy of Ukraine, took part in the PowerPol-2023 conference held in Warsaw. Among the participants of the event were Anna Lukaszewska-Trzeciakowska, Undersecretary of State at the Ministry of Climate and Environment of Poland, Mateusz Berger, Secretary of State, Government Plenipotentiary for Strategic Energy Infrastructure, as well as representatives of other…
The Polish economy is showing signs of slowing after posting a 2% YoY GDP increase in the fourth quarter of 2022, a government think-tank said on February 28. Poland’s economy expanded by 3.6% YoY in the third quarter of 2022 and by 5.8% in the second quarter of 2022, according to the Central Statistical Office…