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 February 8. The RPP also left the deposit…
The Stellantis factory in Tychy has begun regular production of the Jeep Avenger, the first Jeep SUV to be produced in Poland, the automotive company has announced. The launch of the production of the Jeep model is the fulfillment of the first stage of the investment programme at the Tychy factory, announced at the end…
Almost 900,000 Ukrainian refugees have found legal work in Poland under simplified employment regulations, the family and social policy minister has said. Marlena Malag told a conference on Polish support for Ukraine at the Prime Minister’s Office on February 6 that help for Ukrainians fleeing the war was a joint effort by the national government,…
Inflation in Poland will fall below 10% within six months, the head of the state-run Polish Development Fund (PFR) has said. In December 2022, Poland’s inflation reached 16.6% YoY, the country’s statistical office reported. Inflation for the whole past year hit 14.4%, the highest level since 1997. Speaking at a regional conference in Warsaw on…
Polish retail sales went up by 3% YoY in December 2022 after a 5.7% increase in November 2022, Eurostat, the EU’s statistics agency, reported on February 6. Month on month, retail sales went down by 3.3%, the agency also said. Retail sales in the eurozone fell by 2.8% YoY in December 2022 after a 2.5%…
On February 3, Minister for Veterans Affairs of Ukraine Yulia Laputina held a videoconference with Minister-Member of the Council of Ministers of the Republic of Poland Michal Dworczyk. The parties discussed attracting assistance from Polish partners in the construction of a modern rehabilitation facility, the Borodyanka Center, a flagship project of the Ministry for Veterans…
About 56% of adult Poles used online banking services in 2022, a government-sponsored economic think-tank reported. “A more than three-fold growth has been observed in Poland over the past 15 years,” the Polish Economic Institute (PIE) said in its weekly publication on February 2, adding that only 13% of Poles used online banking in 2007.…