Global ratings agency Fitch has downgraded Poland’s GDP growth forecast for this year to 0.7% from 1.1% expected earlier. In its latest forecast, published on March 13, Fitch maintained its earlier prediction of a 2.6% economic growth in 2024. “With the energy crisis in Europe less severe than expected and energy commodity prices falling significantly,…
Poland’s competition watchdog, UOKiK, imposed a fine of over PLN 5.7 million (EUR 1.22 million) on the Polish subsidiary of German bank Deutsche Bank for damaging the collective interests of consumers, UOKiK announced on March 13. “Unacceptable unilateral changes to abusive contract provisions – in short defines the practice for which Deutsche Bank Polska has…
The intensification of Moldovan-Polish bilateral cooperation in the commercial-economic sector and supporting the country’s European path were the main topics of discussion between Prime Minister Dorin Recean and Polish Ambassador to Chisinau Tomasz Michal Kobzdej, the government’s communication and protocol department reported. Dorin Recean welcomed the consistent support of Warsaw authorities for the country’s European…
The average inflation rate in Poland will reach 11.9% this year, 5.7% in 2024 and 3.5% in 2025, the National Bank of Poland has said in a forecast. “Over the projection horizon, CPI inflation will decline as factors currently boosting its level subside,” the NBP said in its March 2023 inflation report published on March…
A cargo terminal will be built at Lublin Airport in southeastern Poland, the airport has announced in a press release. The president of Lublin Airport, Andrzej Hawryluk said, as cited in the statement, that a contract was signed on March 9 with a consortium that will build the terminal for nearly PLN 18 million (EUR…
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 March 8. The RPP also left the deposit…
Mateusz Morawiecki, the Polish prime minister, on March 8 announced a broad-scale financial support programme for women starting up businesses. Morawiecki told the Polish Woman of the 21st Century conference in Warsaw that the scheme would be funded by PLN 1 billion (EUR 213 million) annually. He added that more details about the programme would…