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Today’s news round up in Poland

Today’s news round up in Poland Kalbar/TFN

Start your day with a summary of today’s top stories from Poland’s leading news sites.

PM vows to maintain financial discipline

The Polish government will make sure that public finances are stable in 2023 and 2024 as the global crisis is spreading, Mateusz Morawiecki, the Polish prime minister, has pledged.

New Europe minister says goal is for EU to 'fulfil' financial obligations

Poland's new EU minister has said his main goal is to get the bloc to “fulfil” its obligations and release funding the government claims it is owed.

Poles fear financial straits due to Ukraine war - survey

Sixty-three percent of Poles fear financial problems in connection with the Russia-Ukraine war, up 2 percentage points (pps) from April, a survey by Deloitte revealed on Wednesday.

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.

Polish central bank has over EUR 140 bln in foreign currency reserves

The National Bank of Poland (NBP) has over EUR 140 billion in foreign currency reserves, nearly twice as much as 10 years ago, the bank's president has written in a weekly magazine.

Poland to cut PIT rate to 12 pct from 17 pct from July 1

The Ministry of Finance has proposed to lower the Personal Income Tax (PIT) rate from 17 to 12 percent for non-flat rate tax payers, from 1 July, 2022.

Poland's inflation to hit 5.8-5.9 percent in 2022 FinMin says

The annual average inflation rate will reach 5.8-5.9 percent next year, the finance minister has said.

Polish inflation to reach its peak in Jan/Feb, FinMin says

Inflation in Poland will reach its peak in January or February and then slowly fall, the Polish finance minister said on Friday.

Polish economy, public finances in very good shape - FinMin

The Polish minister of finance has praised the condition of the Polish economy and public finances at an event aimed to discuss solutions for the industry currently facing a difficult situation.

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Top 5 articles:

  • Over 100,000 slaughtered with axes, pitchforks, scythes and knives: The Wołyń massacre started 76 years ago today and lasted for two years
  • The systematic massacre of all children under 10 will forever be a stain on humanity, says TFN’s Stuart Dowell
  • Mayor offers reward to first couple to have a boy in village where only girls are born
  • It’s official! Kraków is the best place in Europe for food, says European Academy of Gastronomy
  • Poland in COVID-19 LOCKDOWN! PM orders bars, restaurants, shopping centres and borders closed - and cancels ALL flights
Culture | History | Life

How Warsaw was rebuilt using mountains of post-war rubble illustrated in fascinating new exhibition

The story, which is being told in the 70th year since rebuilding was officially completed, is an important one as perhaps no other city in history has had to handle, process and use as much rubble as Warsaw did in the late 1940s and early 1950s.

The first report:

  • Polish-Korean consortium set up to produce K2 tanks in Poland
  • Polish farmers impacted by Ukrainian imports to get over EUR 210 mln
  • General government debt hits 49.3 percent of GDP at end-2022 says FinMin
  • Four countries join Poland in calling for limits on Ukraine grain
  • Consumer confidence at very low level, shows survey

Exclusive

Rzeszów scientists develop phone battery that charges in eight minutes and lasts 68 YEARS!

Produced by The Batteries, the new technology has already been dubbed “a game changer” by the industry press, with the firm hoping to begin large-scale production once work on their “pilot factory” is finished.

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