Labour market reforms and investments to increase productivity could raise potential economic growth in Poland to 4% a year between 2022 and 2030, the World Bank has said in a report. This year and next the economy may slow down due to inflation and other factors. The report noted that the Polish economy had “quickly…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 15.5% YoY and by 1.5% MoM in June, the Central Statistical Office (GUS) reported. The final figure is 0.1% lower than the flash estimate for June published by GUS two weeks ago. In May, the prices of consumer goods and services increased by…
Poles purchased a record amount of bonds worth PLN 14.72 billion (EUR 3.05 billion) in June, the Finance Ministry announced on July 13. The total surpassed the previous record of PLN 2.4 billion (EUR 497 million) set in May. “In June, the sales of treasury savings bonds reached a record high,” Deputy Finance Minister Sebastian…
As many as 307,000 Ukrainians have found employment thanks to streamlined procedures introduced to help them find work, the Polish Family and Social Policy Ministry said on July 12. Under a law, Ukrainian citizens who arrived in Poland after February 24, the date on which Russia attacked their country, could take up employment without the…
E-commerce giant Amazon is considering setting new distribution centres in Poland, the company’s press officer reports. Konrad Mroz said: “We are constantly considering new potential locations. We take into account many factors when taking decisions on where to develop buildings in order to best serve customers. We are engaged long-term in Poland and are concentrating…
The 2022 annual inflation rate in Poland will come to 14.2%, will fall to 12.3% in 2023 and to 4.1% in 2024, according to a new central bank report. “Inflation will reach its peak in the first quarter of 2023 when it will grow to 18.8%,” the National Bank of Poland (NBP) wrote in the…
The Polish e-commerce market is expected to expand to twice its current size until 2027 and its share in total retail sales is likely to reach 17% in five years’ time, a new report has found. The electronic commerce market will grow by more than PLN 94 billion in value (EUR 19.6 billion) over the…