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…
The Moody’s rating agency has raised its prediction for Poland’s GDP growth in 2023 from -0.2% to 0.4% without changing the country’s credit rating. The agency put 2024 GDP growth at 2.4%. Moody’s said Poland’s long-term foreign currency rating remained at A2 with a stable outlook. Poland’s credit risks are sustainable, Moody’s analysts say, despite…
A reduction in VAT introduced in 2022 to counter the rapid increase in prices cost the Polish budget PLN 37 billion (EUR 7.9 billion), a deputy finance minister said. Last year, Poland lowered the VAT rate on basic foodstuffs, fertilisers and fuels. The government also cut the excise tax on fuels and energy. “In 2022,…
Rating agency Standard and Poor’s (S&P) has maintained Poland’s economic growth forecast at 0.9% in 2023. At the same time, S&P upgraded its forecast for 2024 from 3.2% to 3.4%, the company said in a report published on March 28. Poland’s average annual inflation (HICP) is now expected to hit 11.8% and ease to 6.2%…