Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.2% YoY and by 1.6% MoM in September, the Central Statistical Office (GUS) reported in a flash estimate. Economists polled by PAP Business estimated that September’s CPI would reach 16.6% YoY and 1% MoM. In August, the prices of consumer goods and services…
Poland’s average corporate gross monthly wage rose by 10.8% YoY, to PLN 6,196.99 (EUR 1,274) in the first half of 2022, the Central Statistical Office (GUS) reported. The number of employed people in the 38-million nation went up by 1.6% as of June 30 and reached 9,761,000. In the first half of 2022, average employment…
The degree of digitisation of the Polish banking sector is above the global average, a study by the consulting company Deloitte has shown. The “Digital Banking Maturity 2022” report, published on September 29, is based on an analysis of 304 banks in 41 countries. The banks analysed were divided into four categories: digital champions who…
Rating agency Standard and Poor’s (S&P) has downgraded Poland’s economic growth forecast to 4% in 2022 from 4.5%. At the same time, S&P has lowered its forecast regarding Poland’s economic growth in 2023 from 2.1% to 1.2%, the company has said in a report published on September 28. The downward forecast revision “reflects a larger…
Poland’s budget deficit is likely to come to PLN 65 billion (EUR 13.5 billion) in 2023 under a budget bill approved by the government on September 28. Piotr Mueller, the government spokesman, said that the bill had been backed by the Cabinet. It will now go to the Sejm, the lower house of the Polish…
The Polish government, at its September 26 sitting, approved the merger of Poland’s leading oil and gas company PKN Orlen with the country’s natural gas monopolist PGNiG, the government spokesperson said. In late July, the two companies agreed to a merger plan under which PGNiG shareholders would receive 0.0925 new shares in Orlen per one…
Jacek Sasin, Poland’s state assets minister and a deputy prime minister, has proposed a 50% windfall tax on power companies, which have profited from rising energy prices. Energy prices in Poland have increased rapidly owing to a combination of factors, including the Ukraine war and a boycott of Russian oil and gas. “I have suggested…