60% of Poles have reduced their shopping budgets, up by 20% YoY, a survey by the UCE research pollster and Grupa Blix revealed. Over 27% of this group declared budget cuts of up to 10-15%. Most frequently they save on clothing (46.9%), condiments and snacks (44.5%) and alcohol (40%). Over 26% said they had not…
Inflation will continue on a two-digit level until the end of the year, with a slight rise in August and a fall in Q4, the Polish Economic Institute (PIE), a state-owned think-tank, has said citing the latest figures from the Central Statistical Office (GUS). GUS reported that commodity and service prices in July were up…
The CEO of PKO BP bank, Poland’s largest lender, has quit her job. Iwona Duda has held the post since January. Her resignation was effective from August 9, the bank said in a statement. No reason was given for Duda’s departure. At the same time, Pawel Gruza has been appointed as PKO BP bank’s deputy…
Gaz-System has performed acceptance testing of all three natural gas compressor stations constructed and expanded as part of the Baltic Pipe project, according to the company’s release. Their main task will be to distribute natural gas imported from the Norwegian Shelf throughout Poland. The Odolanow natural gas compression station was the first of the three…
Poland’s currency is one of the sources of its economic success and giving it up would be a grave mistake, the governor of Poland’s central bank has said in an interview for the Dziennik Gazeta Prawna newspaper. Commenting voices saying Poland should switch to the euro, Adam Glapinski said the fact that Poland had kept…
Poland’s unemployment rate remained unchanged month on month in July 2022 at 4.9%, the family and labour minister said. “July’s unemployment rate went down by 1% YoY,” Marlena Malag told a Polsat News private television programme. Malag added that the number of registered unemployed fell to 811,000 in July, down from 820,000 in June. The…
Poland’s State Treasury will buy out shares in the Polish Mining Group (PGG), Europe’s biggest coal mining conglomerate, from four shareholders in which the Treasury has stakes. The State Treasury will buy 20.43% of shares in PGG from PGNiG Termika, 15.32% of shares from PGE Gornictwo i Energetyka Konwencjonalna, 7.66% from Enea and 15.32% from…