Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.4% YoY and by 0.7% MoM in November, the Central Statistical Office (GUS) reported on November 30. Economists polled by PAP Business estimated that November’s CPI would reach 18% YoY and by 1.1% MoM. In October, the prices of consumer goods and services…
Poland’s record-high inflation may start to drop in the second quarter of 2023, according to Mateusz Morawiecki, the prime minister. Poland saw the prices of consumer goods and services (Consumer Price Index, CPI) soar to 17.9% YoY, and by 1.8% MoM in October, the Central Statistical Office reported. The CPI is now at its highest…
Mateusz Morawiecki, the prime minister, has said that Poland will keep a zero VAT rate on food in the first half of 2023. The Polish government introduced a shield, which brought in a number of VAT cuts on food and fuel, at the end of 2021 to combat rising inflation but in its present form…
Polish companies have provided more than 700 tons of equipment and materials to help Ukraine restore its energy infrastructure, the Ministry of Energy of Ukraine has said in a statement following a meeting of the Ukrainian-Polish working group on energy. “With the logistical support of Poland’s Government Agency for Strategic Reserves (RARS) and the assistance…
Poland’s unemployment rate remained unchanged MoM at 5.1% in October, the Central Statistical Office (GUS) reported. Economists polled by PAP also expected a 5.1% unemployment figure in October. The number of registered unemployed measured 796,000 in October against 801,700 in September, GUS also said. Earlier, the Family and Social Policy Ministry estimated October’s unemployment at…
LTG Link, the passenger transport subsidiary of Lithuanian Railways, will start offering new destinations to Poland from December 11. The daily train route will offer journeys to Warsaw, the Polish capital, and Krakow, the country’s second city, according to a press release. Trains between Lithuania and Poland will run on the route Vilnius-Kaunas-Warsaw-Krakow. The new…
Poland recorded a PLN 27.2-billion (EUR 5.79-billion) state budget surplus after the first 10 months of 2022, the Finance Ministry said. Poland’s budget revenue reached PLN 426 billion (EUR 90.67) in January-October and was PLN 20.3 billion (EUR 4.32 billion), or 5% higher compared to the same period of 2021, the ministry said in a…