Poland
Global wage growth fails to beat inflation for the first time in 20 years
The global inflation crisis paired with lacklustre economic growth and an outlook clouded by uncertainties have led to a decline in real wages around the world, a new report published by the International Labour Organization (ILO) has found.
Foreign investment has transformed Eastern Europe, says wiiw report
Foreign investment will continue to have a vital role to play in the region’s development, particularly now that international companies are rethinking their supply chains.
bneGREEN: Energy efficiency investment turns the corner in 2022, but more is needed
Global investment in energy efficiency could rise by 16% to $560bn in 2022, the International Energy Agency said, as governments and consumers respond to fuel supply disruptions and record-high energy prices.
Poland scrapes through to World Cup’s last 16 after humbling defeat by Argentina
Poland go through group stage for first time for 36 years, with Croatia poised to join them as the only CEE teams to progress.
Poland’s CPI growth eases 0.5pp to 17.4% y/y in November, flash estimate shows
The reading is the first y/y easing of the index since June 2021.
Poland’s Q3 GDP growth revised upwards to 4.5% y/y amidst sharp decline in consumption and investment
Sharp slowdowns in the expansion of private consumption and investment lead to growth easing from 5.6% in Q2.
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bneGREEN: EU energy ministers agree to speed up permitting and deployment of renewables temporarily
A final decision – formal approval – on the new regulation may occur at another emergency meeting on December 13.
V4 leaders meet as EC poised to take unprecedented action towards Hungary
Hungarian premier Viktor Orban reiterated Hungary’s opposition to the EU’s efforts to raise cash for Ukraine on financial markets, and says its parliament will ratify Sweden and Finland's Nato membership in 'a month and something'.
bneGREEN: ING: Euro sustainable bond supply set to stagnate in 2023
Euro sustainable bond issuance in 2023 is not likely to repeat the growth rates seen in the last few years. While governments and agencies could slightly accelerate ESG issuance in 2023, financial institutions' ESG bond supply will lose some steam.
Ukraine faces one of worst declines in GDP from a war, says EBRD
The contraction in Ukraine’s GDP will be among the worst 10-20% of those in conflicts in the last 200 years, the development bank predicts in its 2022/23 Transition Report.
EBRD warns of risk of 'zombification'
Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.
Czech premier to attend V4 meeting despite boycott of Hungary by parliamentary leaders
Contrasting stances demonstrate differences within Czechia on how to respond to Budapest's collaboration with Moscow.
bneGREEN: Climate paralysis at COP27 as no progress made on 1.5 degrees
COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.
bneGREEN: COP27: Coal proves a stubborn foe in fight to save climate
Reducing coal consumption is the central challenge to achieving the world’s climate targets, Fatih Birol, executive director of the International Energy Agency, told COP27.
bneGREEN: COP27 warns business cannot be trusted to police greenwashing
The UN has identified greenwashing by business and finance as the biggest danger facing the race to net zero, urging them to avoid a toxic cover-up and to ensure that any climate pledges they keep are in line with the 1.5-degree targets.
Poland to build its Izera EV using Chinese modular platform
Link-up with Geely seen as vital in helping Poland join the electric vehicle revolution.
Polish core inflation accelerates 0.3pp to 11% y/y in October
In m/m terms, core inflation grew 1% in October, easing versus a gain of 1.4% m/m in September.
Private equity poised for growth surge in CEE despite macro and geopolitical crises
Fund managers surveyed by Bain & Company point to region’s strong macroeconomic fundamentals and catch-up potential.
ING: Polish inflation continues to rise at a strong pace, but recession avoided for now
The Polish statistics office confirmed its estimate of October CPI at 17.9% y/y and inflation continues to rise without let-up. However, the economy has avoided recession yet again, although the road ahead is bumpy.
Poland’s GDP growth eases to 4.4% y/y in Q3
Falling inventories weigh on economic activity in the second half of the year after strongly pushing up growth in Q1.
