During several weeks of the coronavirus pandemic, the share of e-commerce in Poland's retail trade grew from 5.5 percent at the end of 2019 to nearly 12 percent, reads a report by the Santander bank.
Figures from Eurostat show a dramatic growth in the battery recycling done in Poland with over 500 percent more batteries recycled in 2018 compared to 2010.
US Ambassador to Poland Georgette Mosbacher told Reuters in an interview that the European Union's criticism of Poland regarding democratic values was 'overblown,' and that the EU has been reluctant to acknowledge how much progress Poland has made.
Poland's GDP will grow by 5 pct in the third quarter of the year, Paweł Borys, head of the state-run Polish Development Fund (PFR) told a press conference on Tuesday.
Poland could receive over PLN 700 billion (EUR 157.5 billion) from the EU's Economic Recovery Fund and the new EU budgetary perspective, Prime Minister Mateusz Morawiecki told the polstanews.pl portal on Friday.
Catherine Chaitgnoux, deputy head of the foreign department of French financial daily Les Echos wrote that, for the first time in 30 years of uninterrupted growth, Poland will enter a recession, but good management of the crisis should reduce economic damage.
The Polish economy grew by 2.0 percent year on year in the first quarter of 2020, down from a 3.2 percent growth in the fourth quarter, the Central Statistical Office (GUS) said on Friday. In its earlier flash estimate, GUS put the Q1 growth rate figure at 1.9 pct.
Ratings agency Moody's has downgraded Poland's economic growth forecast to minus 3.8 percent from an earlier forecasted negative of -2.0 percent growth in 2020.
Polish President Andrzej Duda believes that Europe should be given a new stimulus for economic development, and that the approaching crisis, resulting from the coronavirus epidemic, can be compared to some of the world's most severe crises.
Poland's Ministry of Finance does not rule out a downward correction to its current GDP growth forecast of minus 3.4 percent, the deputy director of the ministry's macroeconomic policy department, Joanna Beza-Bojanowska, told a Wednesday press conference.
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