Polish retail sales went up by 2.4% YoY in January after a 4.3% increase in December 2022, Eurostat, the EU’s statistics agency, reported on March 6. Month on month, retail sales went up by 1.2%, the agency also said. Retail sales in the eurozone fell by 2.3% YoY in January after a 2.8% decline a…
Data from Eurostat, the EU’s statistical office, show Poland has the bloc’s second-lowest unemployment rate, the Ministry of Family and Social Polish has announced. The ministry posted on its website that the country recorded a jobless rate of 2.8% in January, down from 2.9% in December 2022. “The EU statistical office once more confirms the…
Andrzej Duda, the Polish president, has said that Poland’s participation in the post-war rebuilding of Ukraine is vital. Talking to a business conference in Bukowina Tatrzanska, southern Poland, on March 3, Duda said that the task of rebuilding Ukraine after the war belonged to the international community, and funds to do it would come from…
Poland will contribute to creation of a new safe traffic system in Azerbaijan, Deputy Minister of Infrastructure of the Republic of Poland Andrzej Bittel has said during a conference on “Strengthening of road safety in Azerbaijan”. According to him, the expert group from Poland and Lithuania will share their experience with their Azerbaijani colleagues. “I’m…
Poland’s macroeconomic policy should just focus on bringing down inflation so it hits the central bank’s target, a member of the rate-setting Monetary Policy Council (RPP) has told an economic forum in Warsaw. Inflation in Poland came to 17.2% in January, well above the target rate of 2.5%, plus/minus 1%. “What should happen, and happen…
Poland’s seasonally-adjusted unemployment rate went down to 2.8% in January from 2.9% in December 2022, Eurostat, the EU’s statistical office, reported on March 2. The number of unemployed edged down to 480,000 in January from 494,000 in December 2022, Eurostat also said. According to Eurostat, the unemployment rate in the eurozone countries, according to seasonally…
The high level of core inflation in Poland rules out the possibility of interest rates being cut this year, analysts at a government think tank, the Polish Economic Institute (PIE), have said. “The long period of high inflation also affects the activities of the NBP (National Bank of Poland),” PIE wrote. “We estimate that core…