Inflation in Poland will gradually decrease by several percentage points this year from its recent level of 17.2%, the Monetary Policy Council (RPP) has said in a statement after its rate decision. The RPP kept all the interest rates unchanged for the sixth time in a row on March 8, with the reference rate remaining…
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…
LOT Polish Airlines will add four additional weekly scheduled flights between Vilnius and Warsaw from March 28. “The route between Vilnius and Warsaw is important for both business and holiday travellers,” Tomas Zitikis, head of aviation services at Lithuanian Airports, said. “The airport of the Polish capital is an important aviation hub with many connecting…
Poland’s economy is doing “surprisingly well” despite the negative effects of the Covid pandemic and the Ukraine war, the head on an industry lobby has said. Prime Minister Mateusz Morawiecki announced on March 6 that Poland’s budget deficit was much lower than planned in 2022 and reached PLN 12.4 billion (EUR 2.63 billion) in comparison…
Increasing numbers of women have jobs involving manual labour in Poland owing to the influx of refugees from Ukraine, an employment agency reports. According to Gremi Personal, the war in Ukraine and the related inflow of refugees, mainly women and children, have totally changed the structure of the Ukrainian workforce compared to the situation before…
Inflation might fall to single figures before the end of the year, a deputy finance minister said on March 6. Poland has been struggling with a high inflation rate for a number of months, and in January it hit 17.2%. But in a radio interview, Artur Sobon said that a marked drop in inflation was…
Poland’s budget deficit was much lower than planned in 2022, Mateusz Morawiecki, the prime minister, said. The prime minister revealed the latest deficit figures at a public finance conference held at Warsaw’s National Stadium on March 6. “Today I can say that the budget deficit for 2022 was PLN 12.4 billion (EUR 2.63 billion),” he…