Poland

Poland announces major easing of coronavirus restrictions

Wojciech Kosc in Warsaw May 27, 2020

PM Mateusz Morawiecki says Poland has controlled the pandemic much more effectively than some of the world's richest countries, as he relaxes restrictions on shops, restaurants and public gatherings.

Polish retail sales come down crashing in April, hit by COVID-19 lockdown

bne IntelliNews May 24, 2020

A steep reduction in shops’ turnover in April is hardly a surprise, given the fourth month was the first – and only thus far – full month of lockdown, imposed by the authorities to limit the spread of the pandemic.

Movie night at the airport

bne IntelliNews May 24, 2020

Central Europeans in need of a culture fix after weeks of lockdown can now watch films at a growing number of drive-ins and outdoor cinemas opened in car parks, airport aprons and other open spaces as restrictions are eased.

Poland’s industrial production records unprecedented fall in April in the wake of COVID-19 lockdown

bne IntelliNews May 21, 2020

A contraction had been expected in April, but at 24.6% y/y the magnitude of the fall surprised the market.

Poland’s PPI deepens fall to -1.3% y/y in April

bne IntelliNews May 21, 2020

The reading sees the PPI deflation deepen its fall after the index slid 0.5% y/y in March.

COMMENT: Will Central Europe’s economic recovery be stymied by populist banking laws?

Nicolas Tenzer in Paris May 19, 2020

Multiple financial fires raging across Central and Eastern Europe could have been put out had EU institutions responded sooner to the populist lawfare banks have been put through over the past few years.

Most Central, Southeast Europe economies contract in Q1 but outperform eurozone average

bne IntelliNews May 18, 2020

Performance ranges from a contraction of 5.4% q/q in Slovakia to growth of 0.3% q/q in Bulgaria and Romania.

Poland’s public radio cancels pop chart list after song critical of Kaczynski flies to number one

bne IntelliNews May 18, 2020

Like other public media in Poland, Programme Three has been stacked with PiS loyalists, tilting the radio station’s editorial policy heavily to the right.

Poland’s Civic Platform confirms Warsaw mayor Trzaskowski as new presidential hopeful

Wojciech Kosc in Warsaw May 17, 2020

Poland’s largest opposition party hopes Trzaskowski will party’s presidential bid after the previous pick, Malgorzata Kidawa-Blonska, struggled with the challenge of campaigning during the coronavirus pandemic.

Poland’s daily COVID-19 tally soars to nearly 600 as epidemic hits country’s coal mines

Wojciech Kosc in Warsaw May 13, 2020

Outbreak piles further pressure on Poland's coal sector that is already grappling with competition from cheaper imports, mild winters and the development of renewable energy sources.

ING: Central and Eastern Europe’s fiscal and monetary response to COVID-19

Rafal Benecki et al of ING THINK May 12, 2020

What is behind the magic of high numbers of anti-crisis programmes to combat the economic fallout from COVID-19? Some CEE countries can afford policy responses like developed markets as their central banks kick-start QE support programmes.

Poland’s ruling coalition tables new law to enable presidential election during pandemic

Wojciech Kosc in Warsaw May 12, 2020

Attention now shifts to the summer vote, for which the incumbent President Andrzej Duda will have to campaign during an unprecedented economic crisis in the wake of the coronavirus pandemic.

Retail sales under lockdown across Central and Eastern Europe are sinking

bne IntelliNews May 12, 2020

A worldwide lockdown has created havoc for retailers as their customers are forced to stay at home. There has been a little respite as sales in March surged due to panic buying but that has given way to a lockdown that keeps stores closed

OPINION: Post-COVID recessions bring risk of turbulent spring

Clare Nuttall in Glasgow May 11, 2020

Governments that failed to rise to the crisis — through denial, dismissing the dangers or simply incompetence, resulting in unnecessary deaths and economic hardship — should fear their day of reckoning.

Poland’s election weekend that didn't happen

Wojciech Kosc in Warsaw May 11, 2020

Last minute decision to cancel election plunged Poland's politics into ever-bigger chaos amidst the coronavirus pandemic and the looming economic crisis.

Poland’s Kaczynski orders voters to ignore Sunday’s presidential election as he strikes deal with coalition rebel

Wojciech Kosc in Warsaw May 7, 2020

The decision to cancel the Sunday vote – regardless of its highly dubious legal character – appears to be a setback for ruling PiS, which has said for weeks it wants the election to happen in May.

Poland’s presidential vote in limbo four days before official date

Wojciech Kosc in Warsaw May 6, 2020

Poles are electing their president this Sunday. Or maybe they aren't.

Microsoft to invest $1bn in building Poland’s “Digital Valley”

Wojciech Kosc in Warsaw May 5, 2020

US software giant will invest $1bn over seven years to develop a data centre and associated cloud computing services for business in Poland.

Uber Eats exits all but core CEE markets

bne IntellNews May 5, 2020

The express food delivery service will only stay in markets where it is already number one or two in terms of market share, or can see a clear path to achieving this status.

Capital outflows from EMs reverse in April to modest gains

bne IntelliNews May 5, 2020

The torrent of capital fleeing Emerging Markets (EMs) securities has stopped and these markets saw a modest inflow in April, reported the Institute of International Finance (IIF) on May 4.

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