Data from the European Commission show that since 1996 the amount of clothing purchased in the EU per person has increased by 40%. Annually, Europeans buy 26 kg of clothing and throw away around 11 kg of textiles. Meanwhile, according to a KPMG report from 2019, nearly four out of 10 Polish consumers said they…
While Poland’s low unemployment rate means there will likely be no surplus occupations in 2024, 14 professions requiring higher education are projected to be in high demand. The popularity of specific university majors in Poland doesn’t always align with the needs of the job market, according to a new report. In 2022, a total of…
Minimum wage in Poland set to increase again in 2025 According to a survey by Grupa Progres, 26% of foreign workers express a desire to earn between 3,000 PLN and 3,900 PLN net. However, expectations differ among Ukrainian workers, who set a higher minimum threshold of 4,000 PLN net. In 2025, employees earning Poland’s minimum…
The “PIE Economic Weekly” reported that of the almost 80 million people employed in the EU in the science and technology industry in 2023, 52%, were women. “According to Eurostat data, which are provided for the so-called EU macroregions, Poland is one of the countries with the highest percentage of women in the science and…
From 22 to 26 June the Polish President Andrzej Duda visited China to meet the President Xi Jinping and participate in the World Economic Forum in Dalian, the Polish-Chinese Economic Forum in Shanghai and other events. During four-hour talks the Presidents discussed bilateral economic co-operation, global politics, security and the Belt and Route Initiative started…
The actual scale of migration and its impact on the economy can often be quite different from how citizens perceive these phenomena. In 2024, approximately 2.5 million foreigners arrived in Poland. However, one in three Poles believes the number is over 3 million. Despite 62% of Ukrainian refugees in Poland being employed, 76% of Poles…
The number of people earning over PLN 10,000 (2,300 euros) gross per month increased to 1.5 million in Poland in 2022, according to a report by KPMG. However, the group of people with net assets exceeding $1 million fell by a tenth. The number of people exceeding the second tax threshold (PLN 120,000 gross per…
A report by the Polish Economic Institute (PIE) – ‘Work-life balance and flexible forms of work organization’ – shows that Poles work an average of 40.4 hours a week, 3 hours longer than the EU average and 8 hours longer than in the Netherlands, where working hours are the shortest in Europe. At the same…
Central Statistical Office (GUS) data show that wage growth remains rapid and has again exceeded economists’ forecasts, while employment remains high and real wage growth is the highest in at least a quarter of a century. In February, the growth rate of average wages again exceeded the already high forecasts of economists for the second…
The World Bank increased its annual GDP growth forecast for Poland to 3.0% in 2024, primarily on the back of the recovery in private consumption, but economic activity in the emerging and developing economies of the Europe and Central Asia region is likely to slow this year as a weaker global economy, tight monetary policy,…
Poland’s government will end 0% VAT on food introduced two years ago to help soften the blow of soaring inflation. The finance ministry said the recent slowing of price rises renders the measure no longer necessary. “Due to the latest inflation readings and forecasts of prices of basic food products subject to the transitional 0%…
Moody’s confirmed Poland’s long-term foreign currency rating at the “A2” level, and its outlook remains stable, the agency said in a statement. The stable rating outlook is supported by the significant improvement in relations with the EU since the change of government in December 2023. “In addition to unlocking significant EU funds, this has already…
