Despite the war, Poland’s trade turnover with Ukraine is at an all-time high, Andrzej Duda, the president of Poland, said during a Polish-Ukrainian Economic Forum held in Warsaw on April 5. “Before the war, more than a thousand Polish companies operated in Ukraine, and hundreds of thousands of Ukrainian companies operated on the Polish market,…
The first train is going on a test trip, which in a few months will launch a connection between Warsaw and Rava-Ruska with a transfer to Lviv. From April 5, the Ukrainian and Polish railways is carrying out a joint test run on the 1435 mm European gauge line between Lublin and Rava-Ruska. For Polish…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%. The National Bank of Poland’s Lombard rate remained at 7.25%, the rediscount rate at 6.80% and the discount rate at 6.85%, the RPP announced after its sitting on April 5. The RPP also left the deposit…
About 90% of Ukrainians working in Poland are satisfied with their jobs with only 10% of them looking for a new employer, a survey has shown. Gremi Personal, a staffing agency for foreigners, found that 17% of highly qualified Ukrainians had found jobs in the area they used to work in back home, 50% said…
The Polish general government deficit reached 3.4% of the country’s GDP in 2022, while Poland’s total debt amounted to 49.1% of GDP at the end of 2022, the Central Statistical Office (GUS) reported. This compares to a 1.8% general government deficit and debt-to-GDP ratio of 53.6% in 2021, GUS said in a flash estimate on…
Poland plans to introduce restrictions on the flow of Ukrainian grain into the country, the Prime Minister Mateusz Morawiecki ha said. “We are ready to help, take this grain and export it to Africa. But we do not agree that this grain should enter our market and destabilize it. I ordered to introduce rules that…
Poland will increase ammunition production under a National Munitions Programme, the prime minister has said. Mateusz Morawiecki announced the decision after it was passed by the government on March 29. He told a press conference that the programme, with a budget of close to PLN 2 billion (EUR 430 million), aimed to expand Poland’s ammunition…