Poland’s retail sales decreased in real terms by 0.3% YoY and by 23.1% MoM in January, the Central Statistical Office said on February 21. Economists polled by PAP expected January’s retail sales to grow in real terms by 0.8% YoY and to fall by 22.3% MoM. In current prices, retail sales increased by 15.1% YoY…
The vast majority of working-aged Ukrainian refugees in Poland have found work in the country, according to a survey commissioned by the Prime Minister’s Office. The survey, carried out by the EWL Migration Platform and Warsaw University’s Centre for Eastern Studies, found that 84% were now employed and that 27% of this group had managed…
It is too early for interest rate cuts now, though they may be possible at the end of the year, Poland’s central bank governor Adam Glapinski has said at the World Copernican Congress in Torun, northern Poland. “Right now it’s too early to discuss interest rate cuts. I would like this to be possible around…
Poland’s industrial output rose by 2.6% YoY in January, the Central Statistical Office (GUS) reported on February 20. Month on month, industrial output decreased by 2.5%. Economists polled by PAP expected January’s industrial production to grow by 4.1% YoY and to drop by 0.3% MoM. Manufacturing prices increased by 18.5% YoY in January and by…
Poland’s average corporate gross monthly wage rose by 13.5% YoY, to PLN 6,883.96 (EUR 1,448) in January, the Central Statistical Office (GUS) said on February 20. In monthly terms, the average wage went down by 6.1%. Economists polled by PAP expected a 12.9% annual increase in the corporate wage in January and a 6.2% decline…
Poland’s long-term rating in foreign currency was affirmed at the A- level with stable outlook by the rating agency Standard and Poor’s (S&P). According to the agency, Poland will be able to weather most macroeconomic risks stemming from the Russia-Ukraine war over the coming two years due to a diversified economy, the flexibility of the…
Azerbaijan and Poland discussed the development of the Trans-Caspian International Transport Route (TITR, Middle Corridor), Minister of Transport and Digital Development of Azerbaijan Rashad Nabiyev tweeted. Minister Nabiyev and Polish Deputy Minister of Economic Development and Technology Grzegorz Piechowiak discussed economic cooperation issues in the transport and ICT fields. “We exchanged views on the aviation…