A record 64% of Poles travelled for leisure purposes, with 44% travelling abroad.
economy
Why is Poland’s debt rising so fast – and should we be worried?
Alicja Ptak
Poland has had the EU’s second-fastest public rising debt this year.
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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.
New mortgage applications fall 70% in Poland following interest rate rises
The total value of new mortgages has also fallen by 73% year on year, according to data from the Credit Information Bureau (BIK).
Inflation unexpectedly rises further in Poland to new 25-year high of 16.1%
“Ouch,” said analysts at mBank, commenting on inflation figures that exceeded most forecasts.
