Inflation will remain at a high level in the coming months but it should soon start declining owing to a drop in the annualised growth of energy prices, Adam Glapinski, governor of the National Bank of Poland (NBP), has said. Glapinski made the statement at a press conference on September 8, which followed the central…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, increased the reference interest rate by 25 basis points, to 6.75% on September 7. The National Bank of Poland’s lombard rate was raised from 7.00% to 7.25%, the rediscount rate from 6.55% to 6.80% and the discount rate from 6.60% to 6.85%. At the…
Estonia will purchase Poland-made Piorun (Thunderbolt) air defence systems, which have been battle-tested in the Ukraine war. Man-portable Piorun surface-to-air missiles are designed to target low-flying aircraft, helicopters and unmanned aerial vehicles. Under the deal, signed by Mariusz Blaszczak, the Polish defence minister, and his Estonian counterpart Hanno Pevkur on September 7, Poland will supply…
Mateusz Morawiecki, the prime minister of Poland, has said that the government, in the near future, will offer a special energy package to at least several hundred enterprises with high energy consumption. Morawiecki, speaking at the 31st Economic Forum in Poland’s mountain resort of Karpacz on September 7, said: “This is the moment when we…
Polish metals group KGHM signed a memorandum of understanding on September 6 with Romanian nuclear energy company SN Nuclearelectrica on developing Small Modular Reactors (SMRs). KGHM said the non-binding memorandum included exchange of experience and knowledge over 36 months on technical, economic, legal, financial and organisational aspects of SMR development with the US firm NuScale.…
In the assumptions for next year’s budget, the Polish government forecasts unemployment to grow by 1%, the minister for family and social policy has said. Marlena Malag was asked on public radio on September 7 whether unemployment would remain at its current level. On September 6, she said August’s jobless rate stood at 4.9%, the…
The initial Labour Ministry reading showed that the rate of unemployment was at 4.9% in August, unchanged from the previous month, Marlena Malag, the minister of labour, said. If the rate is confirmed by the country’s stats office, it would mean that unemployment has remained the same for three months. “In August, the level of…