Poland is to cap electricity prices for all households from next year, with a limit of up to 2,000 kWh of annual use. Morawiecki presented the new measure, which was part of a broader package of facilitations dubbed “The Shield of Solidarity”, at a press conference on September 15. “The Shield of Solidarity” is designed…
Polish medium-sized companies (SMEs) are facing an additional burden from a minimum wage hike, seen at PLN 18.16 billion (EUR 3.84 billion) next year, according to the rationale to a government regulation. Poland’s minimum wage will rise by 15.9% in January 2023, but total growth will ultimately reach 19.6% after the second increase in July.…
Poland’s Harmonised Index of Consumer Prices (HICP) rose to 14.8% YoY in August, against a 14.2% growth in the previous month, Eurostat, the European Union’s statistics office, reported. Month on month, prices increased by 0.8%, Eurostat data showed. HICP is calculated according to uniform Eurostat methodology. According to Poland’s Central Statistical Office (GUS), prices of…
Most Poles have cut their household budgets owing to inflation-driven price hikes, a survey published by the Rzeczpospolita newspaper on September 15 has revealed. According to the NielsenIQ survey, 60% of those polled have reduced their basic expenses, 40% buy only the cheapest products and 32% believe inflation and high prices will remain long after…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 16.1% YoY and by 0.8% MoM in August, the Central Statistical Office (GUS) reported on September 15. The figures are in line with the flash estimate published by GUS on August 31. In July, the prices of consumer goods and services increased by…
Poland has the largest digital economy in Central and Eastern Europe, worth an estimated EUR 44 billion in 2021, according to a new report published on September 14. Until 2023, the country’s digital economy may grow by an additional EUR 78 billion, or PLN 360 billion, and could be worth EUR 123 billion in total,…
Warsaw now officially has the tallest building in the European Union. Work on Varso Tower, which stands at 310 metres and eclipses the Palace of Culture and Science, has been completed and the building is waiting for its first tenants to move in. Standing in the centre of the capital, as many as 16 trees…