It is too early for interest rate cuts now, though they may be possible at the end of the year, Poland’s central bank governor Adam Glapinski has said at the World Copernican Congress in Torun, northern Poland. “Right now it’s too early to discuss interest rate cuts. I would like this to be possible around…
Poland’s industrial output rose by 2.6% YoY in January, the Central Statistical Office (GUS) reported on February 20. Month on month, industrial output decreased by 2.5%. Economists polled by PAP expected January’s industrial production to grow by 4.1% YoY and to drop by 0.3% MoM. Manufacturing prices increased by 18.5% YoY in January and by…
Poland’s average corporate gross monthly wage rose by 13.5% YoY, to PLN 6,883.96 (EUR 1,448) in January, the Central Statistical Office (GUS) said on February 20. In monthly terms, the average wage went down by 6.1%. Economists polled by PAP expected a 12.9% annual increase in the corporate wage in January and a 6.2% decline…
Poland’s long-term rating in foreign currency was affirmed at the A- level with stable outlook by the rating agency Standard and Poor’s (S&P). According to the agency, Poland will be able to weather most macroeconomic risks stemming from the Russia-Ukraine war over the coming two years due to a diversified economy, the flexibility of the…
Azerbaijan and Poland discussed the development of the Trans-Caspian International Transport Route (TITR, Middle Corridor), Minister of Transport and Digital Development of Azerbaijan Rashad Nabiyev tweeted. Minister Nabiyev and Polish Deputy Minister of Economic Development and Technology Grzegorz Piechowiak discussed economic cooperation issues in the transport and ICT fields. “We exchanged views on the aviation…
President Andrzej Duda wants his country to take part in the reconstruction of Ukraine in the post-war period. That’s according to the president’s advisor Pawel Salek, who spoke with Radio Poland. “For Andrzej Duda, it is important that when peace comes and Ukraine begins to rebuild, Poland participates in investments in Ukraine, so that Polish…
The European Bank for Reconstruction and Development (EBRD) lowers forecast for Poland’s GDP growth in 2023 to 1 %. EBRD has lowered its forecast for Poland’s economic growth in 2023 to 1% from 1.5 % forecast in September 2022, according to the bank’s latest report. The EBRD forecasts that in 2024 Poland’s GDP will grow…