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…
Poland’s inflation is expected to decelerate starting in March 2023, the Polish Economic Institute (PIE), a government think-tank, has said commenting on the latest figures from the Central Statistical Office (GUS). GUS reported on October 31 that Polish consumer prices soared by 17.9% YoY in October on by 1.8% MoM. In its comment, PIE said…
The Air Moldova air company on October 31 made the first flight between Moldova and Poland. According to the company, the aircraft for the first time landed at the Modlin International Airport, where the inauguration event took place. “The launch of flights to Warsaw comes as a response to the demand of the local market…