On 4 January 2022 the Monetary Policy Council decided to increase the NBP reference rate by 0.50 percentage points, i.e. to 2.25%. At the same time, the Council set the remaining NBP interest rates at the following levels: ▪ lombard rate at 2.75%; ▪ deposit rate at 1.75%; ▪ rediscount rate at 2.30%; ▪ discount…
Passenger traffic at Chopin Airport and Poland’s 13 regional airports from January to September 2021 hit almost 13 million, 191,000 more (+ 1.5%) compared to the same period of the previous year. In the analyzed period, the share of regional airports in total traffic handled was 60%. During the first nine months of this year,…
The labor market situation is systematically improving from the point of view of employees: half of Polish companies are planning pay raises and the percentage of enterprises forecasting employment growth has increased, as indicated by the results of the 44th edition of the Employer Plans survey conducted by the Randstad Research Institute and Gfk Polonia,…
In November, Polish industry increased production by 15.2% annually, Statistics Poland reported. Excluding readings from April and May – which were burdened with the low base effect from 2020 – the November reading is the highest for the entire year. According to Mariusz Zielonka, an economic expert at the Polish Confederation Lewiatan, this excellent result…
Inauguration of construction of the new Northvolt plant – where a modern, sustainable energy storage systems will be made – took place n Gdańsk on December 8. The factory will strengthen the position of Pomerania on the industrial map of Poland. Northvolt, a supplier of high-quality cells and battery systems, announced its first investment in…
President Andrzej Duda has signed the amendment to the act on electromobility and alternative fuels, that aims to accelerate the development of electromobility in Poland and implement the EU regulations. The amendment to the act on electromobility and alternative fuels implements the provisions of Directive 2019/1161 of June 20, 2019 on the promotion of clean…
The government has announced that from December 15 the availability limits in hotels and restaurants will be reduced from 50% to 30%. Although vaccinated people are not included in this ceiling, there are still no legal regulations enabling tourism businesses to verify so-called ‘covid passports.’ Leading sector figures shared their concerns with “Hotelarz,” a portal…
The LPP management board has awarded a 10% pay rise to all employees at the company’s headquarters from January 2022. The Polish clothing manufacturer also announced a new remuneration policy for its sales network and payment of 6-month bonuses before the end of this year. The company’s management also said that those who will be…
At EXPO Dubai during the Polish-Arab Economic Forum, Poland signed bilateral agreements with partners from the United Arab Emirates (UAE) and strengthened its export and investment potential in the Middle East. The forum was organized by the Polish Investment and Trade association, which was responsible for the participation of Poland at Expo 2020 Dubai. Held…
Warsaw Modlin Airport is not slowing down. In October, over 217,000 passengers used the airport, almost 4 times more than in the same period in 2020. The Warsaw Modlin Airport is rebuilding air traffic faster and faster and is ahead of international forecasts. In October, the Port handled 217,012 passengers, an increase of + 370.9%…
There is definitely a momentum when it comes to women’s position on the labour market around the globe. Poland is following the global trend.
Interview with Her Excellency Madame Božena Forštnarič Boroje, Ambassador of Slovenia to Poland by Katarzyna and Andrzej Braiter.
