A report by the Polish Economic Institute (PIE) reveals that the green transformation may accelerate economic growth by as much as 1.1% per year and does not have a negative impact on achieving sustainability targets. According to PIE analyses published in the report “Green economy – the impact of the green economy on the climate…
Poland’s Gross Domestic Product (GDP) increased by 8.5% YoY in the first quarter of 2022, the Central Statistical Office (GUS) said in a flash estimate on May 17. Economists polled by PAP expected GDP to rise by 8.1%. Quarter on quarter, Poland’s GDP grew by 2.4% in the first three months of this year, GUS…
Poland’s GDP will increase by 3.7% this year and by 3% in 2023, the European Commission (EC) said in its spring forecast on May 16. The country’s HICP inflation will reach 11.6% on average this year and by 7.3% in 2023, according to the EC. The war in Ukraine will have a significant impact on…
As many as 73% of Poles support sanctions on Russian oil, gas and coal in reaction to Russia’s aggression against Ukraine, a survey shows. In an SW Research poll carried out for rp.pl, the online service of Poland’s national daily Rzeczpospolita, only 11.7% of respondents were against sanctions, while 15.3% had no opinion on the…
Vilnius and Warsaw will consider joint arms procurements, Lithuanian Defence Minister Arvydas Anusauskas has said during a joint press conference with his visiting Polish counterpart Mariusz Blaszczak in Vilnius. “The synchronisation of acquisitions is not a simple thing. We are trying to synchronise the purchase of multiple rocket launchers with the Baltic countries. Of course,…
According to initial estimates, Poland’s 2021 GDP was valued at PLN 2.62 trillion (EUR 560 billion) the Central Statistical Office (GUS) reported on May 12. GUS said the GDP estimate helped the Finance Ministry determine the size and relation to GDP, of the public debt, the State Treasury debt and outstanding liabilities issued by the…
Poland’s consumer authority has imposed a 5.3-million zloty (EUR 1.14 million) fine on Vinted, a Lithuanian 3.5-billion-euro platform for trading second-hand clothing and items. Vinted “had provided inadequate information regarding the conditions of access to the money earned by sellers on the platform and the possibility of opting out of a paid feature protecting buyers”,…