Britain's exit from the European Union is set to cost Polish companies up to PLN 1.6 billion (EUR 353 million) over the second half of 2021, insurance firm Euler Hermes has estimated.
In the first episode of The Debrief for this year, we take a look at what's in store for the Polish economy in 2021.
The agreement that Britain and the EU have signed recently to normalise their post-Brexit relations is good news both for Polish citizens and entrepreneurs, Polish EU affairs minister has told PAP.
More than 773,000 Poles had applied for permanent residency in the United Kingdom by September 30, according to information from the UK’s Home Office.
Poland wants to maintain the growing importance of the UK as an export market for its agri-food products despite Brexit.
Polish diplomats have said it is in Poland’s interest that EU and UK secure a Brexit deal, while warning that time for a deal to be struck is running out.
A hard Brexit and a return to UK customs duty would contribute to a drop in demand for Polish goods on the British market, leading to a fall in Polish exports of over EUR 1.5 billion, or 11 percent, analysts at the Polish Economic Institute (PIE) have said.
Polish government spokesman Piotr Mueller told PAP on Thursday that, due to the quarantine of the Polish PM, Poland's position at the European Council meeting will be presented by Czech PM Andrej Babis.
EU-UK relations, climate, and the epidemiological situation were among the topics of a Tuesday video talk between Polish PM Mateusz Morawiecki and European Council President Charles Michel, the Permanent Representation of Poland to the EU in Brussels has tweeted.
At the initiative of Poland, a meeting was held between EU Brexit negotiator Michel Barnier and the ambassadors of V4 countries and those from the surrounding regions to discuss the state of negotiations on future relations between the EU and Great Britain.