Manufacturing PMI, a key gauge of industry activity, rose above 50 in February, its highest reading since April 2022.
economy
Business groups express concern at Polish government’s minimum wage hike
The decision was, however, welcomed by trade unions.
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Poland’s economic growth slowed sharply to 0.2% in 2023
It was Poland’s lowest GDP growth since the early 1990s, apart from the pandemic-induced drop in 2020.
Media “lie 24 hours a day” about inflation, says Polish central bank governor
Adam Glapiński suggests that, because elections are being held this month, they are trying to hide the “great success” in tackling inflation.
Inflation falls below 10% in Poland for first time since Russia’s invasion of Ukraine
Inflation slowed in September to 8.2% year-on-year, below analysts’ expectations of 8.5%.
Poles’ savings exceed 2 trillion zloty for first time
Poles’ savings grew 7.4% year on year, although their real value is being eaten up by inflation.
EU advises Poland to cut spending and improve targeting of social benefits
It also urges Poland to fulfil milestones agreed to unlock billions in post-pandemic recovery funds.
Rising cost of living has pushed 17% of Poles to take on additional employment, finds study
Most Poles (70%) say their financial situation has deteriorated over the last year, compared to 50% who said the same a year ago.
Poland recorded EU’s biggest GDP fall in fourth quarter of 2022
Poland’s seasonally adjusted GDP in Q4 of 2022 fell by 2.4% from the previous quarter, compared to a drop of 0.1% for the EU as a whole.
Inflation unexpectedly slows to 17.4% in Poland, first fall since February
Analysts believe the figures mean inflation has peaked this year, but warn that it will rise again early next year.
Integration of Ukrainians can boost Poland’s GDP up to 3.5%, finds Deloitte report
But Poland must support the learning of Polish, ensure access to the housing market, and help refugees find work matching their skills and qualifications.
Discount retailer Woolworth to enter Polish market
“Our analysis shows that the retail trade in Poland has enormous potential,” says Woolworth Polska’s CEO.
Number of Poles living in extreme poverty falls 20%
But experts warn that soaring inflation, including rapidly rising energy prices, and the refugee crisis could see poverty rise again this year.
Reconstruction of Ukraine can bring Poland 190 billion zloty
“Polish institutions and companies can share their experience with Ukraine,” writes Pekao bank.
