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…
Warsaw-Radom Airport, located some 110 km south of Warsaw, has opened for business again after a PLN 800-million (EUR 174.4 million) refit. The airport will serve as a supplementary facility to Chopin, Warsaw’s primary airport. Speaking at the opening ceremony Prime Minister Mateusz Morawiecki said that Warsaw-Radom Airport would relieve the pressure on Chopin, which…
The Polish economy will continue to grow and inflation will gradually fall to a single-digit level towards the end of this year, deputy finance minister has said. Artur Sobon told a press briefing during the European Economic Congress in Katowice on April 25 that the economic slowdown was present throughout Europe this year. “However, all…