The majority of Poles believe the country’s economy is in a bad condition, according to the results of a new survey published on April 22. The Kantar poll found that in the first half of April, 67% of respondents described the condition of Poland’s economy as poor, while 25% voiced the opposite opinion. Only 8%…
Drogerie dm, Germany’s largest chain of retail stores offering cosmetics and healthcare products, has opened its first shop in Poland. The first store opened in the western city of Wroclaw on April 21. The cost of the launch came to EUR 0.4 million. Drogerie dm will have to compete with fellow German firm Rossmann, which…
Poland’s industrial output rose by 17.3% YoY in March, the Central Statistical Office (GUS) reported on April 21. Month on month, industrial output increased by 18.2%. Economists polled by PAP expected March’s manufacturing to grow by 12.3% YoY and by 13.6% MoM. Seasonally adjusted industrial production went up by 17.2% YoY and by 2.1% MoM…
Nearly 77,000 Ukrainian nationals have found employment in Poland since February 24, when Russia invaded their country, data from the Family and Labour Ministry showed. The Polish government has granted Ukrainian refugees 18-month residency permits and allowed them to take up jobs as well as given them access to healthcare, education and welfare schemes. About…
The budget for the government’s Railway Plus program, aimed to develop local rail connections, will be doubled to PLN 11 billion (EUR 2.37 billion), Mateusz Morawiecki, the prime minister, has said. Speaking in the south-eastern town of Janow Lubelski on April 20, Morawiecki said the Cabinet would approve the program later in the day. “It…
Poland’s high inflation in recent quarters has been fuelled by rising manufacturing costs owing to growing prices of oil and gas as well as government decisions, the Polish Chamber of Commerce (KIG) has said. Core inflation, which excludes the prices of food and energy, reached 6.9% YoY in March, the National Bank of Poland (NBP)…
Poland’s core inflation, excluding the prices of food and energy, measured 6.9% YoY in March, up from 6.7% in February, the National Bank of Poland (NBP) said on April 19. Core inflation, excluding fixed prices, amounted to 10.6% in March, up from 8% in the previous month. Core inflation, excluding the most volatile priced items,…