Poland
bneGREEN: Green policies set to reduce EU gas demand to baseload core
While the current gas crisis in the EU sees record-high wholesale gas prices, hurting consumers and causing the latest round of a supply disputes with Russia, the race to net zero by 2050 could have deeper long-term consequences for EU gas demand.
Polish inflation climbs further to 5.9% y/y in September
Inflation picks up 0.5pp versus the preceding month to a 20-year high.
CEE needs to speed up transition to new growth model, argues GLOBSEC report
Annual CEE Strategic Transformation Index puts Slovenia top in CEE (after Austria), followed by Czechia and Poland.
CEE/SEE countries unite in defence of nuclear power
EU’s pro-nuclear member states want nuclear energy to be included in the bloc's green taxonomy as a way to ameliorate climate change.
Poles rally against ‘Polexit’ as prospect of pandemic recovery funds fade
Protests follow ruling by the Constitutional Tribunal that the Treaty of the European Union contravenes the Polish Constitution.
Poland’s Constitutional Tribunal says Polish law trumps EU’s
The ruling is the most serious swipe by Poland at the EU’s legal order that Warsaw had subscribed to when joining the bloc in 2004 after years of negotiations.
EU’s top court delivers another blow to Polish government’s judiciary overhaul
Judge wins case against his transfer at CJEU, which says government's reforms damage judicial independence.
Poland’s central bank unexpectedly hikes rates by 40 bps to 0.5%
Polish rate setters belatedly follow lead of Czech and Hungarian neighbours in reacting to rising inflation in Central Europe.
ING: Inflation in Poland continues unabated, could near 7% in December
Polish inflation is set to keep rising in the coming months, nearing 7% by December 2021. We see average CPI in 2021 at 4.75% y/y and at 4.5% y/y in 2022. The NBP may quite likely under-deliver with tightening vs elevated market expectations.
Poland extends state of emergency on border with Belarus until end of November
Government weaponises refugees as threat to Poles, while opposition accuses it of violating international law by not allowing them to file for protection.
bneGREEN: Poland looks ahead to the death of king coal
It is still not clear when coal will stop being the staple fuel of the Polish economy and whether future growth will be powered by renewables only or also by nuclear energy.
Poland records 130,000 excess deaths in past 12 months as pandemic deepens demographic crisis
The government’s flagship welfare programme, the universal payout of €109 monthly per every child under 18, has not resulted in any sustained increase in the number of births.
ING: ECB’s push for net-zero carbon will grow ESG credit
In the push for reducing carbon, significant investment will be necessary, and in turn, funding will be required. This will provide growth for the credit market, and in particular for anything associated with ESG.
Romania and Latvia's car ownership rates among lowest in Europe
The lowest motorisation rates were found in Romania (357 cars per thousand people), Latvia (381 cars) and Hungary (390 cars).
Poland’s PM skips regional summit to snub Czech premier Babis over mine row
Poland reportedly plans to suspend cooperation with Czechia in the Visegrad Group until the mine’s case has been resolved in an amicable way.
COMMENT: Risk premiums in Central Europe during the COVID era do surprisingly well
In times of crisis there is a fight to quality by bond traders who are keen to reduce their risks. However, in this crisis the countries of Central Europe have done surprisingly well thanks to ECB support.
Poland renews license for US-owned broadcaster TVN24
But the regulator also asked the Constitutional Tribunal to check if the current licensing rules are in line with Poland’s constitutional order.
bneGREEN: Greenwashing: regulators flex muscles as the market remains in flux
Defining a green investment is crucial to boosting the expansion of renewable energy and preventing the mis-selling of investments by so-called greenwashing, whereby the environmental impact of a product is misrepresented.
Polish retail sales accelerate growth to 5.4% y/y in August
Seasonally adjusted, retail sales inched up 0.4% m/m in August.
Polish government outraged by CJEU fine over lignite mine
Poland fined €500,000 per day for failing to abide by order to halt the Turow lignite mine’s operations immediately.
