The European Commission (EC) has approved a Polish EUR 1.2-billion public aid programme for companies affected by Russia’s war against Ukraine. “The European Commission has approved the EUR 1.2-billion Polish scheme (PLN 5.5 billion) to support companies across sectors in the context of Russia’s invasion of Ukraine,” the EC said in a press release on…
63% of Poles fear financial problems in connection with the Russia-Ukraine war, up by 2% from April, a survey by Deloitte revealed on June 29. 53% said their main fears concerned politics (-8%), while 38% named social issues (-3%). Various fears related to the war were named by 95% of the respondents, 12% of this…
The Warsaw Stock Exchange (GPW) has signed an agreement to acquire a 65.03% share in the Armenia Securities Exchange (AMX), the Polish bourse has announced in a press statement. The total price of the AMX shares purchased by GPW is approximately PLN 9.6 million (EUR 2 million). As a result of the transaction, GPW will…
Inflation in Poland is expected to continue to rise, the Polish government spokesman has said. Poland is battling one of the highest inflation rates the country has seen in years. According to the Central Statistical Office, prices of consumer goods and services (Consumer Price Index, CPI) increased by 13.9% YoY and by 1.7% MoM in…
The Polish railway company PKP Intercity is canceling free travel for Ukrainian citizens from July 1, the company’s press service reports. The current rules for issuing free tickets for refugees from Ukraine will be valid until June 30. From July 1, these trips will be carried out according to the general rules included in the…
Poland’s unemployment rate fell to 5.1% in May from 5.2% April 2022, the Central Statistical Office (GUS) reported. The number of registered unemployed measured 850,200 in May against 878,000 in the previous month, GUS also said. Earlier, the Family and Social Policy Ministry estimated May’s unemployment at 5.1%. (The First News/Business World Magazine)
The Council of Europe Development Bank (CEB) will offer Poland a EUR 450-million loan to refinance the country’s current aid for Ukrainian refugees, the Polish Finance Ministry has reported. The loan agreement was signed by the Polish finance minister, Magdalena Rzeczkowska, and CEB governor, Carlo Monticelli, in Warsaw, on June 24. “Poland appreciates the long-lasting…