The government looks set to extend the zero percent VAT rate on food staples owing to the effects of high inflation, the government’s spokesperson said on April 25. Piotr Mueller said that an extension would be “a most reasonable” decision. “We are always observing the basket of, so to speak, basic products and, in this…
Poland’s industrial output fell by 2.9% YoY in March, the Central Statistical Office (GUS) reported on April 24. Month on month, industrial output increased by 14.1%. Economists polled by PAP expected March’s industrial production to fall by 1.8% YoY and to grow by 15.2% MoM. Manufacturing prices increased by 10.1% YoY in March, but fell…
A drop in inflation could result in a faster rise in real wages in the second half of the year, an economist from the Polish Economic Institute (PIE) said. Dawid Sulkowski said economic stagnation had led to a shrinking labour market, which in turn hampered wage growth. But, he said that if inflation were to…
The State Service of Ukraine for Transport Safety (Ukrtransbezpeka) has announced new conditions for the transit of Ukrainian agricultural products through Poland, including convoys; transit will resume from the beginning of the day on April 21. This was reported by the press service of Ukrtransbezpeka on Facebook. “The transit of agricultural products through Poland resumed…
Mateusz Morawiecki, Poland’s prime minister, has noted that the investment by Bosch in Dobromierz, southwestern Poland, will serve as a contribution to effective energy transformation in Poland and to the development of the region. Bosch, a German multinational engineering and technology company, announced on April 19 that it would invest PLN 1.2 billion (EUR 260…
There are 25 enterprises with Polish capital operating across Zhytomyr region, with more than $2.5 million invested in them, according to the Zhytomyr Regional State Administration (RSA). “Twenty-five enterprises have been established in the region with the participation of Polish investors, providing jobs for almost 10,000 community residents. The total amount of Polish capital attracted…
The recent core inflation data published by Poland’s central bank show that core inflation is not letting up, a business organisation has said. The National Bank of Poland (NBP) reported on April 17 that Poland’s core inflation, which excluded the prices of food and energy, measured 12.3% YoY in March 2023, up from 12% in…