Polish rail operator PKP Intercity has announced its biggest-ever tender for train carriages, seeking to purchase up to 450 new units. PKP Intercity has already invested PLN 7 billion (EUR 1.49 billion) in new carriages, but its total spending on new passenger rolling stock may reach PLN 27 billion (EUR 5.75 billion) until 2030. In…
Gas supplies to Poland via the new Baltic Pipe have exceeded 60 million kWH per 24 hours, the Polish gas pipeline operator Gaz-System has announced. The pipeline links Poland to Norwegian gas field via Denmark and is a key component of Polish plans to diversify its energy supplies following the end of Russian imports due…
Poland’s Gross Domestic Product (GDP) increased by 8.6% YoY in the first quarter and by 5.8 % in the second quarter, the Central Statistical Office (GUS) said on November 3. GUS adjusted the figures upwards from the previous estimates of 8.5% in Q1 and 5.5% in Q2. (The First News/Business World Magazine)
Poland’s seasonally adjusted unemployment rate remained unchanged from the previous month at 2.6% in September, Eurostat, the EU’s statistical office, reported on November 3. The number of unemployed edged up to 448,000 in September from 444,000 in August, Eurostat also said. According to Eurostat, the unemployment rate in the eurozone countries, according to seasonally adjusted…
Poland’s president on November 2 signed into law bills capping energy prices for households, SMEs and local governments, as Poles and Polish businesses braced themselves for high energy bills during the winter months. Andrzej Duda also signed a law a bill on regulating coal distribution by local governments. Under the price cap law, households, which…
Poland’s GDP will contract by 0.2% YoY in 2023, according to the credit ratings agency Moody’s. In a report published on November 1, Moody’s wrote the contraction would stem from a decline in domestic demand and the troubles of Poland’s main trading partners filtering down to affect the Polish economy. “While we expect Poland to…
Inflation in Poland could fall to a single-digit level until the end of 2023, the deputy governor of Poland’s central bank has said. Marta Kightley said that inflation was expected to peak over the first months of 2023, to drop visibly starting from March and reach a single-digit value until year’s end. She added that…