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Inflation

Inflation is Polish government's biggest challenge says spokesperson

Inflation and high prices are currently the most important challenges facing the Polish government, its spokesperson has admitted.

Inflation may drop in July thanks to discounts on petrol says economist

Special discounts on petrol, such as the one introduced by PKN Orlen, the dominant Polish fuel company, may play an important role in lowering inflation, PKO BP’s chief economist said on Monday.

Kaczyński says banks must make deposits more attractive

Banks may face an additional tax on their profits if they fail to raise interest rates on deposits amid high inflation, said Jarosław Kaczyński, leader of Poland's ruling party Law and Justice (PiS).

Tusk accuses gov't of incompetence in fighting inflation

Donald Tusk, leader of Poland's main opposition party, the centrist Civic Platform (PO), has accused the government of mishandling inflation through incompetence and dishonesty.

Goldman Sachs predicts 75-bps interest rate hike in July

Analysts at investment bank Goldman Sachs (GS) have predicted a 75-basis point increase in interest rates at the next sitting of Poland's Monetary Policy Council (RPP), scheduled for July 7.

Poland's inflation is likely to go up says gov't spokesman

Inflation in Poland is expected to continue to rise, the Polish government spokesman has said.

Vaccine against omicron variant available from September - Health Min

Vaccines for the Omicron Covid variant will be available from September, the health minister has announced.

Inflation likely to hit highest level in Q3 or Q4 says dep MinFin

Inflation in Poland will probably reach its peak either in the 3rd or 4th quarter of 2022 and then will start to fall, a deputy finance minister has said.

Polish HICP inflation up to 12.8 pct y/y in May - Eurostat

Poland's Harmonised Index of Consumer Prices (HICP) rose to 12.8 percent year on year in May 2022, against 11.4-percent growth in the previous month, Eurostat, the European Union's statistics office, reported on Friday.

Gov't assumes weaker GDP growth for 2023

Poland's economic growth will weaken to 3.2 percent in 2023 from the 3.8 percent expected this year, while inflation will ease from this year's 9.1 percent to 7.8 percent in 2023, the government has assumed in budget guidelines.

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News & Politics | History | Life

Warsaw demands explanation after Belarus destroys Polish WWII memorial

The memorial, in the western village of Mikuliszki, consisted of the remains of the wartime headquarters of a Polish Home Army unit whose members died in combat in the area in 1944.

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Exclusive

Four tonnes of Nazi gold found in buried 18th century palace canister, say WWII treasure hunters

Measuring between 1.3 to 1.5 metres long and 50cm in depth, the cylindrical metal canister was found in the conservatory of an 18th century palace used by Hitler’s SS as a brothel.

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