The largest number of foreigners working in Poland are Ukrainians, the family and social policy minister has said. Marlena Malag cited data from ZUS, Poland’s main insurer, which showed that 1,063,300 foreigners were legally employed in Poland in December 2022, a rise by 191,700 from January 2022. Malag noted the majority were Ukrainian refugees who…
Poland’s GDP should rise by 0.7% in 2023 against a 3.6% forecast earlier, the World Bank has said in a report. The World Bank has downgraded Poland’s economic growth in 2023 to 0.7% from a 3.6% increase expected in June 2022, said the bank in its report, which was published on January 10. The World…
Inflation should fall to a single-digit figure by the end of the year, a deputy minister said on January 10. Recently Poland has seen inflation hit highs not witnessed in decades. On January 5 Poland’s Central Statistical Office said consumer and service prices in December 2022 grew by 16.6% YoY and by 0.2% MoM, against…
Price hikes in Croatia after it adopted the euro can serve as a warning to Poland, the Polish prime minister said on January 10. Mateusz Morawiecki told a press conference that Croatia’s use of the euro, which began on January 1, had resulted in a rapid rise in the prices of fuel, consumer goods and…
Polish retail sales went up by 5.7% YoY in November 2022 after a 7.5% increase in October 2022, Eurostat, the EU’s statistics agency, reported. Month on month, retail sales went up by 2.6% MoM, the agency also said. Retail sales in the eurozone fell by 2.8% YoY in November 2022 after a 2.6% decline a…
Adopting the euro in Poland would be deeply harmful and result in a “radical drop” in the rate of GDP growth, the head of the National Bank of Poland (NBP) warned on January 6. Adam Glapinski went on to say that making the euro Poland’s currency would benefit “the richest, who invest abroad, have property…
Poland will experience a strong economic slump in 2023, the head of the country’s central bank has said. Adam Glapinski told a press conference on January 5 that the slowdown would bring both a decrease in economic growth and falling inflation. He added that the current 6.75% interest rate level was “adequate for the situation”,…