The government will offer a total of PLN 800 million (EUR 168 million) to 92 Polish large energy-intensive companies, the development and technology minister has announced. Waldemar Buda said on October 26 that the PLN 800 million was the first tranche of a bigger support scheme for companies that were the most important for the…
Poland’s budget revenues have increased by more than 110% since 2015 when the Law and Justice (PiS) came to power, the government spokesperson has claimed. “When we started to rule, the budget revenues in 2015 reached PLN 289 billion (EUR 61 billion), whereas the budget revenues planned for 2023 amount to PLN 604.7 billion (EUR…
Poland has played a major role in restoring Ukraine’s food exports to their pre-war level, the EU’s agriculture commissioner has said. Janusz Wojciechowski said it was possible to restore Ukraine’s food exports thanks to special corridors that Poland had helped keep open. Ukraine is one of the world’s largest producers of grain, and there have…
Poland’s unemployment rate went down to 5.1% in September from 5.2%, after correction, in August, the Central Statistical Office (GUS) reported. The number of registered unemployed measured 801,700 in September against 806,900 in August, GUS also said. Earlier, the Family and Social Policy Ministry estimated September’s unemployment at 4.8%. (The First News/Business World Magazine)
The Polish government has already secured some 30-35% of its borrowing needs for next year, Mateusz Morawiecki, the prime minister, has said. Morawiecki said at a press conference on October 24 that Poland would organise new bond auctions “when the most appropriate conditions appear,” as he referred to two auctions that the state-run bank BGK…
Poland’s record-high bond yields are a result of pressure from financial markets, Mateusz Morawiecki, the Polish prime minister, has said. Poland’s bond yields crossed the 9% mark on October 21, a level last seen more than 20 years ago, prompting the state-run development bank BGK to forgo a planned bond auction as it expected to…
Poland’s retail sales increased in real terms by 4.1% YoY, but fell by 2.8% MoM in September, the Central Statistical Office reported. Economists polled by PAP expected September’s retail sales to grow in real terms by 4.4% YoY and fall by 2.4% MoM. In current prices, retail sales increased by 21.9% YoY in September against…