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PFR

High inflation to continue for 2-3 years says head of gov't agency

Poles will likely have to endure elevated inflation levels for the coming two to three years, according to Pawel Borys, head of the Polish Development Fund (PFR).

EIB, Polish Development Fund sign cooperation deal

The European Investment Bank (EIB) and the Polish Development Fund (PFR) have signed an agreement on cooperation in areas such as environmental protection and climate change.

Tighter fiscal policy needed to curb inflation

Bringing down inflation will require time and a tighter fiscal policy, the Polish Development Fund (PFR) wrote on Tuesday in a commentary on the latest inflation statistics.

Poland faces risk of stagflation next year says state fund head

The war in Ukraine and sanctions on Russia will result in a further increase in inflation, but in 2023 the Polish economy may enter a period of stagflation, the head of the state-owned Polish Development Fund (PFR) has said.

Poland extends Covid relief program for large firms

Poland's cabinet adopted a resolution on Tuesday extending the ongoing Covid relief programme for large firms, the government press office said in a statement.

Scale of economic upswing will likely surprise us - expert

The speed of Poland's economic recovery from the Covid-19 crisis may be much greater than expected, a deputy head of the Polish Development Fund (PFR) has said.

State agency PFR upbeat on Poland's growth, warns against pandemic risk

Poland's economic growth could reach up to 5 percent this year, but if the coronavirus restrictions are prolonged for a considerable time, GDP expansion may be as little as 2 percent, the head of the state-run development fund PFR, Pawel Borys, has said.

Polish companies to receive nearly EUR 1.6 bln from anti-crisis package

Polish companies will receive a total of nearly PLN 7 billion (EUR 1.6 billion) from the Polish Development Fund's (PFR) 'financial shield' as part of the assistance programme designed to counteract the effects of the coronavirus pandemic.

Polish Venture Capital funds market experiencing unprecedented growth

Poland's Venture Capital funds market is developing rapidly, with 2020 being a record year, the head of the state-owned Polish Development Fund (PFR) Ventures has said.

Passage to India! Polish investors cast their eyes towards India

A new report issued by PFR and PwC shows India as having the potential to become the most attractive market for Poles to consider investing in.

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Top 5 articles:

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  • Over 100,000 slaughtered with axes, pitchforks, scythes and knives: The Wołyń massacre started 76 years ago today and lasted for two years
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Art & Culture | Life

New bi-lingual book hailed as ‘love letter’ to one of Warsaw’s quirkiest streets

Laying bare the secrets and the stories behind Warsaw’s Hoża street, the new Polish-English language book is set to achieve cult status for its charming exploration of the city’s hidden side.

The first report:

  • Seven injured as storms sweep across Poland
  • Poland accepts 4.48 mln refugees since war in Ukraine started
  • Poland must fulfill milestones for recovery plan says EC president
  • Polish PM describes Nato summit outcome as promising
  • Goldman Sachs predicts 75-bps interest rate hike in July

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.

The Debrief
NGO launches legal office for Ukrainians in Warsaw
Webber's World
Despite being in the middle of nowhere, Rzeszów is a treasure
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