Poland
Poland rejects EU's 2040 emissions target as "unrealistic"
Poland will not support the European Union’s proposed 90% greenhouse gas emissions reduction target for 2040, calling it “unrealistic” and harmful to the country’s economic and energy security.
Water levels drop in Europe’s main rivers as heatwave hits cargo traffic
Both the Vistula in Poland and the Danube in Hungary, two of Europe’s biggest rivers, have reached record-low water levels as Europe’s unprecedented heatwave intensifies and starts to cause major economic damage.
ING: National Bank of Poland press conference, hawkish start to dovish end
The President of the National Bank of Poland first called yesterday's cut an adjustment of rates, not the beginning of a cycle of cuts. Finally, he signalled a September cut with the target rate seen in the range of 3-3.5%.
Poland's public finance deficit seen rising to 6.8% of GDP by 2026, says Pekao
Poland’s public finance sector deficit is projected to reach 6.8% of GDP in 2026 and 5.7% in 2027, according to analysts at Bank Pekao, who cite sustained military spending, weaker tax revenues and looser European fiscal rules as the reason.
Poland to invest $665mn to boost its domestic ammunition output to 1mn rounds a year
Poland will invest PLN2.6bn ($665mn) to increase its domestic ammunition output, the government announced on July 2, as it seeks to strengthen national defence capabilities and support Ukraine's military needs.
Poland’s NBP cuts by 25bp, more cuts likely
The National Bank of Poland’s decision to cut its main policy rate by 25 basis points on July 3, bringing it to 5.00%, caught most analysts off guard. Yet for those watching closely, the signals were already there.
Poland eyes border checks with Lithuania amid migrant pressure, but Vilnius left in the dark
Polish Prime Minister Donald Tusk said on June 30 that his government is considering reintroducing border controls with Lithuania in response to increased concerns about irregular migration.
Emerging Europe growth resilient despite global risks, wiiw says
Economies across Central, Eastern and Southeast Europe are set to maintain solid growth in 2025 and 2026 but face downside risks from Middle East tensions, the war in Ukraine and US trade policy.
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Polish manufacturing suffers sharp contraction to 44.8 in June as new orders slump
The Polish manufacturing sector faced its steepest contraction in over two-and-a-half years in June, with a sharp decline in both output and new orders, according to S&P Global's latest Purchasing Managers’ Index survey published in June.
Poland ends the last of Russian oil imports
Poland’s largest energy company, state-owned Orlen, has ended its last contract for Russian crude oil and halted these imports, declaring finally that it has “freed the region from Russian crude oil”.
EU eyes new Asian trade alliances to offset US trade war risks
European Commission President Ursula von der Leyen is pushing for closer ties with Asia as part of a new EU trade strategy to offset the growing trade war risks with the Trump administration and reforming the global trade system.
Kaczyński re-elected as PiS leader as party gears up for election in 2027
Jarosław Kaczyński has secured another term as leader of the nationalist Law and Justice (PiS) party on June 28 during a party congress in Przysucha. Kaczyński, who has held the top position in PiS since 2003, received 1,214 delegate votes.
Europe swelters in historic heatwave
Record-breaking temperatures for the time of year are likely to occur across a large part of western Europe in the coming days as a historically unprecedented heatwave intensifies.
Polish astronaut docks at ISS after historic launch aboard Ax-4 mission
The Crew Dragon capsule carrying Polish astronaut Sławosz Uznański-Wiśniewski successfully docked with the International Space Station on June 26, completing Poland’s first crewed space mission since 1978.
Czech real estate tycoon Vitek is reportedly mulling sale of his CPI empire
CPIPG is one of the largest real estate groups in Central Europe, with assets in all the V4 countries and Germany.
Nato members agree to 5% GDP spending hike, but will they pay?
Nato leaders agreed to raise defence spending to 5% of GDP by 2035 and renewed their commitment to collective defence at the Nato summit held in the Hague on June 25, but how many of them will pay?
Polish public support for Ukraine’s EU and NATO membership drops sharply – poll
Public backing in Poland for Ukraine’s accession to the European Union and Nato has fallen significantly since the start of the war, according to a new survey by the research agency IBRiS.
Polish retail sales ease growth in May but still point to sustained consumption as pillar of growth
Polish retail sales grew 4.4% year on year in constant prices in May, a marked slowdown from the 7.6% y/y increase recorded in April.
Global uncertainty causes FDI to plummet in Emerging Europe
wiiw research blames crisis in German industry and the uncertainty surrounding Donald Trump’s second term as US president for sharp slowdown in FDI.
Proposed defence spending hike to 5% of GDP exposes divisions among Nato members
Russia hawks in Poland and the Baltic States are firmly behind plan to increase defence spending to 5% of GDP, while other members question new target.