Poland
Polish GDP growth surge in Q4 confirmed
Poland's GDP growth surged to 3.7% year on year in the fourth quarter (chart), picking up after a revised gain of 2% y/y in the previous quarter, according to seasonally adjusted preliminary data released by the statistical office GUS.
Europe will need Turkey in world with less or no Nato says foreign minister
Ankara has second largest land forces in military bloc. Turkish officials leverage the point in effort at obtaining long-sought EU membership.
EBRD lowers 2025 forecasts citing subdued global growth and trade fragmentation
Weaker external demand and potential impact of Trump tariffs weigh on Emerging Europe, Central Asia and Semed regions, with growth now projected at 3.2%.
Relief in Emerging Europe at AfD’s election defeat, but concern over party's gains
Mainstream politicians across Central and Southeast Europe have expressed relief at the outcome of Germany's general election, which saw the far-right Alternative for Germany make gains but ultimately fall short of securing victory.
Polish PPI moves closer to positive territory in January
Poland's producer price index (PPI) fell 0.9% year on year in January (chart), following a revised fall of 2.7% y/y in December, the country’s statistics office GUS said on January 22.
Polish industrial production declines 1% y/y in January
Poland’s industrial production contracted 1% year on year at constant prices in January (chart), after a gain of 0.2% y/y the preceding month, unadjusted data from the statistical office GUS showed on February 22.
Potential US troop withdrawal from Europe to leave Kosovo exposed
Fears US may consider withdrawing its troops from Europe, including Kosovo, if Trump and Putin reach an agreement to end the war in Ukraine.
Poland’s Tusk warns European allies against making “empty promises” to Ukraine again
Europe must not make “empty promises” on security to Ukraine again, Poland’s Prime Minister Donald Tusk told reporters on February 17 just before flying to Paris for an emergency meeting of key European allies.
Polish inflation unexpectedly jumps to 5.3% y/y in January
Poland’s consumer price index rose to 5.3% year on year in January (chart), up from 4.7% in December, data from the country’s statistical office GUS showed on February 15.
Poland navigates alliance with US amid Trump’s diplomatic shake-up
Poland reaffirmed the long-standing commitment to its alliance with the United States as newly appointed Defence Secretary Pete Hegseth visited Warsaw on February 14 – his first bilateral trip since taking office.
Poland to play key role in EU Paris meeting to counter Trump’s Ukraine talks exclusion
Poland was the poor second cousin to its EU peers when it first joined the EU two decades ago. But a flourishing economy, its frontline position and growing military might means it’s been promoted to the top table in EU affairs.
COMMENT: Upside inflation risks build across CEE
Inflationary pressures across Central and Eastern Europe (CEE) are intensifying, with higher-than-expected consumer price index (CPI) data prompting a shift in monetary policy expectations across the region, says Capital Economics.
Poland plans to spin-off state-owned coal assets as energy transformation plans slowly gather momentum
Poland's Ministry of State Assets will present a comprehensive plan for the spin-off of coal assets from state-owned power companies to Parliament on February 13, as the government's energy transformationd plans gather pace.
Europe's economic woes made worse by looming trade war with US, says Goldman Sachs
Cyclical industries across Europe are in danger from the economic slowdown sweeping Europe, Goldman Sachs warned in a note on February 4. They were already reeling from years of a polycrisis, but now President Trump is threatening a trade war.
“Unchained” Trump is main risk to broadly positive Emerging Europe growth prospects
Steep US tariffs on the EU or a sudden cut in support for Ukraine are the major downside risks for the region, says new wiiw report.
Polish manufacturers start 2025 on slightly more upbeat note
Poland's Purchasing Managers' Index increased 0.6 points to 48.8 in January, the economic intelligence company S&P Global said on February 3 (chart).
EBRD to support Poland’s green transition with €200mn loan for Baltica 2 wind project
Baltica 2 offshore wind farm will be a boon for Poland, which is struggling to meet its green transition targets.
The UK, Germany and China lead global offshore wind farm roll-outs, but the rest of the world is lagging far behind.
Poland is about to double its offshore wind power generation capacity but apart from Germany and the UK, offshore wind power remains underdeveloped around the world, with the notable exception of China.
Central and Eastern European banks defy expectations with robust 2024 earnings, says RBI
Banks across Central, Eastern and Southeast Europe defied expectations and reported impressive returns on equity ranging between 15% and 20% in 2024, says Raiffeisen Bank International.