Mateusz Morawiecki, the Polish Prime Minister, has said that the Polish banking system is safe despite anxiety in the financial markets caused by concerns over the health of the global banking sector. The share prices of banks across Europe have fallen recently following a rushed takeover of Swiss banking giant Credit Suisse and the collapse…
The purchasing power of Polish citizens reached 79% of the EU average in 2022, the head of a government-affiliated economic agency said. Buoyed by years of economic growth, Poland has been gradually catching up on its western European peers, and now appears to be closing in on parity. “Poland at 79% of European average in…
Poland hopes that 2023 and the coming years will give further positive dynamics to the development of trade and investment cooperation with he countries of Central Asia, a source at the Ministry of Economic Development and Technology of Poland has said. “We see opportunities for the development of economic cooperation both with today’s largest economic…
Poland’s unemployment rate remained unchanged month on month in February at 5.5%, the Central Statistical Office (GUS) reported on March 23. Economists polled by PAP expected a 5.5% unemployment figure in the second month of 2023. The number of registered unemployed measured 864,800 in February against 857,600 in January, GUS also said. Earlier, the Family…
Around 89% of Poles consume meat at least a few times a week, a new study has shown. Although in recent years meat consumption in Poland has fallen, as in much of Europe, the research published by Kantar Polska and BLIX Group reveals that meat is still an important item on the menu of Poles.…
A VAT exemption on some food items will probably be extended until the end of the year, the finance minister has said. Magdalena Rzeczkowska told the private broadcaster Radio ZET on March 22 that the Cabinet should make the decision in April. “There is no certainty, but it is probable,” Rzeczkowska added, referring to the…
Poland’s flag carrier, PLL LOT, carried 634,104 passengers in February, the company announced on March 21. “In February, PLL LOT had regularity (on-time performance) at the level of 99.3%,” the airline wrote on Twitter. “On board were hosted 634,104 passengers.” The airline flew 6,690 flights last month. In January, LOT carried 645,049 passengers flying on…