Poland’s air traffic management authority and the air traffic controllers’ trade union have concluded a preliminary agreement on changes to the work and remuneration regulations proposed by the latter, both parties have announced. The majority of air traffic controllers in Warsaw were protesting in the first months of the year and threatening to quit their…
The financial results of the Polish Airports State Enterprise (PPL), the operator of several Polish airports, including the Warsaw Chopin Airport, considerably improved in 2021, the second year of the pandemic, against 2020, the company reported. Although PPL recorded a loss of about PLN 185 million (EUR 40 million) in 2021, the result was better…
A temporary suspension of mortgage payments by borrowers who are strapped for cash due to rising interest rates may cost the banking sector up to PLN 20 billion (EUR 4.34 billion), the National Bank of Poland (NBP) has said. The government has proposed the so-called mortgage vacations, a four-month suspension of payments per year, as…
Inflation in Poland should start to fall in late 2022, provided that the war in Ukraine ends, a deputy finance minister has said. Poland is now battling rising inflation. According to the Central Statistical Office (GUS), prices of consumer goods and services (Consumer Price Index, CPI) in Poland increased by 12.4% YoY and by 2%…
Poland’s unemployment rate fell to 5.2% in April from 5.4% March, the Central Statistical Office (GUS) reported on May 25. The number of registered unemployed measured 878,000 in April against 902,100 in the previous month, GUS also said. Earlier, the Family and Social Policy Ministry estimated April’s unemployment at 5.3%. (The First News/Business World Magazine)
Poland may become the strongest link of global supply chains that have been disrupted by the coronavirus pandemic and war in Ukraine, Mateusz Morawiecki, the Polish prime minister, has said. Supply problems resulting from Covid-19 lockdowns and the war in Ukraine have been stifling the reviving global growth as economies are facing shortages of components,…
Poland’s prime minister said that at the World Economic Forum in Davos, Switzerland, he held meetings with the CEOs of major tech companies, thanks to which the latest technology and new investments would come to Poland. “Such big investments for the future were confirmed by me,” Morawiecki said. Mateusz Morawiecki said during a visit to…