The European Commission (EC) on December 20 okayed the Polish government’s EUR 1.1-billion support scheme for energy-intensive firms. Under EU rules, state aid must be approved by the EU to avoid unfair competition, but soaring energy costs in the wake of the post-Covid supply chain bottlenecks and Russia’s invasion of Ukraine have hit energy-intensive companies…
Poland’s average corporate gross monthly wage rose by 13.9% YoY, to PLN 6,857.96 (EUR 1,463) in November, the Central Statistical Office (GUS) said on December 20. In monthly terms, the average wage went up by 2.5%. Economists polled by PAP expected a 12.9% annual increase in the corporate wage in November and a 2% rise…
Poland’s industrial output rose by 4.6% YoY in November, the Central Statistical Office (GUS) reported on December 20. Month on month, industrial output increased by 2.9%. Economists polled by PAP expected November’s industrial production to grow by 2.5% YoY and by 0.4% MoM. Manufacturing prices increased by 20.8% YoY, but fell by 0.5% MoM, GUS…
The total outstanding debts of Polish consumers grew by PLN 4.9 billion (EUR 1.04 billion) over the twelve months till October and reached PLN 77.4 billion (EUR 16.50 billion), a debt registry reported. According to BIG InfoMonitor and the BIK debtor database, about 2.7 million Poles had problems with paying their debts as of October.…
59% of Poles are planning to spend no more than PLN 100 (EUR 21) on Christmas gifts for a single person this year, a survey has found. 47% of people declared the PLN 50-100 price range and 12% are planning to spend even less than PLN 50, according to a survey by UCE Research and…
Poland’s core inflation, which excludes the prices of food and energy, measured 11.4% YoY in November, up from 11% in October, the National Bank of Poland (NBP) said. Inflation excluding fixed prices amounted to 18.1% YoY in November, down from 18.7% in the previous month. Inflation excluding the most volatile items measured 15% in November,…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.5% YoY and by 0.7% MoM in November, the Central Statistical Office (GUS) reported on December 15. In a flash estimate, GUS said that November’s CPI would reach 17.4% YoY and 0.7% MoM. In October, the prices of consumer goods and services increased…