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…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.9% YoY and by 1.8% MoM in October, the Central Statistical Office (GUS) reported in a flash estimate on October 31. Economists polled by PAP Business estimated that October’s CPI would reach 18% YoY and 1.7% MoM. In September, the prices of consumer…
Poland wants to help Ukraine with the post-war reconstruction of airports and is also ready to expand railway links between the two countries. This was discussed during a conversation between Poland’s Deputy Minister for Development Funds and Regional Policy Marcin Horala and Ambassador of Ukraine to Poland Vasyl Zvarych, the Ministry of Development Funds and…
The government will offer a total of PLN 800 million (EUR 168 million) to 92 Polish large energy-intensive companies, the development and technology minister has announced. Waldemar Buda said on October 26 that the PLN 800 million was the first tranche of a bigger support scheme for companies that were the most important for the…