Poland’s GDP is expected to rise to 4.4% and inflation to peak at 11.1% until the end of this year, the Organisation for Economic Cooperation and Development (OECD) said on June 8 in its latest Economic Outlook report. OECD economists also estimate that next year GDP growth will slow down and inflation will decrease but…
The CEO of Poland’s dominant oil and gas company, PKN Orlen, has said that the European Commission (EC) should give the final green light to the takeover of its rival Lotos Group within several days. Daniel Obajtek told reporters on June 8 that he did not expect a decision other than final consent, because the…
The results of a new opinion poll, released on June 7, indicate that 70% of Poles want to see tax privileges for the Catholic Church abolished. The Ibris survey, done for the private broadcaster Radio Zet, also showed that 23% of the respondents wanted the tax relief to stay. The findings also disclosed that 66%…
A night’s stay on Poland’s Baltic coast is more expensive than visiting the Adriatic this year due to a short holiday season and limited accommodation places, an analyst from the Polish Economic Institute (PIE) reports. Paula Kukolowicz of PIE’s strategy team added that the costs of traveling to the Polish coast and eating out remained…
Poland’s estimated unemployment rate in May stood at 5.1% against 5.2% in April, the Family and Social Policy Ministry said on June 6. Close to 852,000 unemployed people were registered at labour offices at the end of May, down from 878,000 at the end of the previous month, the ministry also said. The number of…
Polish retail sales grew by 21.1% YoY in April after a 19.4% increase in March, Eurostat, the EU’s statistics agency, reported. Month on month, retail sales went down by 3.3%, the agency also said. Eurostat annual growth figures are work-day adjusted, while the monthly growth figures are also seasonally adjusted. Eurostat data also include small…
As many as 59% of the Polish public cannot afford to go on holiday this year, a new survey has shown. The June 3 edition of the Super Express daily, which commissioned the research, highlighted the effects of inflation on Poles’ vacation plans. “Inflation stood at almost 14% in May and according to economists, the…