Poland
Polish retail sales ease growth in May but still point to sustained consumption as pillar of growth
Polish retail sales grew 4.4% year on year in constant prices in May, a marked slowdown from the 7.6% y/y increase recorded in April.
Proposed defence spending hike to 5% of GDP exposes divisions among Nato members
Russia hawks in Poland and the Baltic States are firmly behind plan to increase defence spending to 5% of GDP, while other members question new target.
Polish authorities thwarted assassination attempt on Ukrainian president in 2024, officials say
Polish and Ukrainian security services disrupted an attempt to assassinate Ukrainian President Volodymyr Zelenskiy at Rzeszów airport in April 2024, the Security Service of Ukraine said on June 23.
Polish PPI eases decline rate slightly in May
Poland's producer price index fell 1.5% year on year in May, following a revised decline of 1.6% y/y in April.
Russian ghost ship towed from Gdynia for scrapping in Denmark
Polish authorities began the removal of the derelict Russian oil tanker Khatanga from the Port of Gdynia after years of abandonment.
Żabka opens 100th Froo convenience store in Romania
Polish convenience store operator Żabka has opened its 100th Froo-branded store in Romania, one year after launching in the market, the company said on June 16.
Polish core inflation eases growth to 3.3% y/y in May
Poland’s core inflation, an indicator that measures price growth without including prices of food and energy, eased growth to 3.3% year on year in May after a gain of 3.4% y/y the preceding month.
US resists EU and UK push to cut Russian oil price cap at G7 summit
The US is resisting calls from European governments to reduce the G7 price cap on Russian oil from $60 to $45 per barrel, frustrating efforts by the EU and UK to increase financial pressure on Moscow as leaders meet for a G7 in Canada.
Polish CPI growth nears central bank’s target after growing 4% y/y in May
Poland’s consumer price index rose 4% year on year in May, easing from 4.3% y/y the preceding month, data published by the national statistics office GUS on June 13 showed.
Why South Korea must prioritise bilateral nuclear research over fragmented one-off projects
Should South Korea continue spreading its efforts across short-term, individual projects – often tied to specific, time-consuming contracts – or should it double down on long-term, bilateral nuclear research partnerships?
Poland’s Tusk wins vote of confidence but fails to outline new direction for government
Recent defeat of Tusk’s preferred presidential candidate dashed the prime minister’s hopes of launching a sweeping legislative agenda.
_육군의_명품_무기와_장비_소개_(15393852929)_1749630738.jpg)
Poland to receive 180 K2 tanks in €5.1bn deal
The signing ceremony for the second executive agreement on delivering 180 K2 tanks for the Polish army is expected to take place at the end of June.
Polish PM Tusk facing confidence vote after his candidate loses presidential bid
Polish Prime Minister Donald Tusk is about to face a vote of confidence in the Sejm on June 11, following the narrow defeat of his preferred candidate, Rafał Trzaskowski, by Karol Nawrocki in the presidential run‑off on June 1.
Ukrainian refugees fuelled Polish economy with €16bn boost in 2024
The study by consultancy Deloitte for UNHCR found that nearly 70% of working-age Ukrainians in Poland now have jobs, just shy of the 75% employment rate among locals.
_1749534912.jpg)
Talks begin on PLN1bn support plan for ArcelorMittal steelworks in Poland
Talks have begun over a public support package for steelmaker ArcelorMittal Poland’s plant in Dąbrowa Górnicza, with the government considering a PLN1bn (€230mn) allocation for the plant’s modernisation.
Deloitte EMEA Fast 500 Technology ranking brims with Turkish, CEE and SEE startups
Top entry from Turkey is Novi Robot, a maker of automation systems for manufacturing plants.
Nawrocki’s rise sparks fresh uncertainty for wartime Ukraine
Conservative historian Karol Nawrocki’s victory in the June presidential election in Poland has all but dashed Ukrainian hopes for Warsaw speaking with one voice about Ukraine.
Poland’s fertility rate sinks to just below 1.1 in 2024, a new historic low
Poland’s fertility rate fell to a historic low of 1.099 in 2024, Poland’s statistical office GUS said in a report, which deepened concerns about the country’s shrinking and ageing population.
Global energy investment to reach a record $3.3 trillion in 2025, but problems with grids remain – IEA
Global energy investment is projected to reach a record $3.3 trillion in 2025, despite continued economic uncertainty and heightened geopolitical risks, according to the International Energy Agency.
Polish central bank holds rates but cuts seem imminent later this year
The decision to hold follows a cut of 50bp in May, the first reduction in NBP’s interest rates since 2023. The Polish inflation rate came in at 4.1% y/y in May, easing from 4.3% y/y the preceding month.