Poland
Ukrainian refugees living in Poland boost taxes by $400mn and GDP growth – survey
Ukrainian citizens living in Poland contributed PLN1.65bn ($414mn) in personal and corporate income taxes in 2024, marking a 27.7% increase compared to the previous year and double the amount recorded in 2022, according to a recent survey.
Warsaw University in shock as student kills woman, injures man with axe
Poland’s leading University of Warsaw is in mourning after a 22-year-old law student killed a woman working as a porter and nearly fatally injured a man who attempted to assist her using an axe on May 7.
Bulgaria’s Shelly Group expands to Poland
IoT company picks Warsaw for regional expansion after announcing decision to exit the US.
Poland’s NBP cuts key rate by 50bp to 5.25% in first easing move since 2023
The National Bank of Poland (NBP) has cut its reference interest rate by 50bp to 5.25% - the first reduction in two years - on May 7
Poland’s unemployment rate inches up 0.1pp y/y to 5.2% in April
The unemployment rate in Poland increased minimally by 0.1pp y/y to come in at 5.2% in April, the Ministry of Family and Social Policy said in an estimate on May 6.
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Blair think-tank releases scathing criticism of UK climate policy
The arguments contrast sharply with those of the UK’s Labour government.
UK insect numbers plummet by two thirds in three years, Bugs Matter survey shows
The population of flying insects in the United Kingdom has fallen by two thirds in just three years, according to new findings from a nationwide “Bugs Matter” citizen survey, raising alarm among ecologists and conservation groups.
Post-war order teetering – rights watchdog
Eurasia “at forefront” of assault on individual freedoms.
COMMENT: Middle Corridor makes progress, but playing second fiddle to the Northern Route
The Middle Corridor linking China to Europe through the South Caucasus and Central Asia has expanded significantly in the aftermath of Russia’s invasion of Ukraine, but its long-term prospects remain uncertain.
Poland’s manufacturing conditions improve for third consecutive month in April but outlook weakens
Poland's Purchasing Managers' Index (PMI) eased by 0.5 points to 50.2 in April (chart), the economic intelligence company S&P Global said on May 2.
Tusk unveils national doctrine to build strongest army, economy in CEE
Polish Prime Minister Donald Tusk has announced a new "national doctrine" aimed at ensuring Poland develops the most powerful army and economy in the region, as the country prepares for "an era of great threats and challenges."
EU swaps China for Russia in procurement of rare earth metals
The EU is increasingly turning to China to source hard-to-find rare earth metals and dropping previous import deals with Russia.
Poland’s e-commerce turnover rises 15.2% m/m in March to PLN7.40bn
Poland’s e-commerce sector recorded a 15.2% month-on-month increase in turnover in March, reaching $1.80bn, according to data from the Central Statistical Office.
Sharp drop in Polish inflation paves way for rate cut at next central bank meeting
A sharper-than-expected fall in Polish inflation has increased the likelihood that the National Bank of Poland will resume interest rate cuts at next week’s policy meeting.
Croatia to prioritise economic cooperation as chair of Three Seas Initiative
Zagreb will focus on boosting economic, energy and infrastructure cooperation as it assumes the rotating presidency of the Three Seas Initiative, announced Prime Minister Andrej Plenković.
Poland imposes sanctions on MyPrice Russian discount supermarket chain
Poland has imposed sanctions on the MyPrice Russian discount supermarket chain, which recently returned to operate in two locatiosn in Poland.
Trump policies won’t harm Emerging Europe badly – and will actively benefit Russia
Latest wiiw forecasts show little direct impact on Central and Southeast Europe from Trump trade wars.
Falling Polish interest rates will squeeze banks' income
Two dozen Polish banks will need to seek new sources of income and diversify their portfolios in 2025 as falling interest rate squeeze their net interest income, the Polish Bank Association warned, PAP reported on April 29.
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Exhumations of Polish wartime victims begin in Ukraine after seven-year ban lifted
Polish experts began work to exhume victims of the World War II-era Volhynia massacres in Ukraine’s Ternopil region, the Polish Ministry of Culture and National Heritage said on April 24.
Incoming German government compromises on carbon offsets to boost flagging economy
Germany’s incoming government has conditionally endorsed the European Union’s proposed 2040 climate goal and backed the EC's recommended 90% emissions reduction target but only if international carbon offsets and carbon removals are permitted.