CEE needs to speed up transition to new growth model, argues GLOBSEC report

bne IntelliNews October 12, 2021

Annual CEE Strategic Transformation Index puts Slovenia top in CEE (after Austria), followed by Czechia and Poland.

CEE/SEE countries unite in defence of nuclear power

bne IntelliNews October 12, 2021

EU’s pro-nuclear member states want nuclear energy to be included in the bloc's green taxonomy as a way to ameliorate climate change.

Poles rally against ‘Polexit’ as prospect of pandemic recovery funds fade

bne IntelliNews October 11, 2021

Protests follow ruling by the Constitutional Tribunal that the Treaty of the European Union contravenes the Polish Constitution.

Poland’s Constitutional Tribunal says Polish law trumps EU’s

Wojciech Kosc in Warsaw October 7, 2021

The ruling is the most serious swipe by Poland at the EU’s legal order that Warsaw had subscribed to when joining the bloc in 2004 after years of negotiations.

EU’s top court delivers another blow to Polish government’s judiciary overhaul

Wojciech Kosc in Warsaw October 7, 2021

Judge wins case against his transfer at CJEU, which says government's reforms damage judicial independence.

Poland’s central bank unexpectedly hikes rates by 40 bps to 0.5%

Wojciech Kosc in Warsaw October 6, 2021

Polish rate setters belatedly follow lead of Czech and Hungarian neighbours in reacting to rising inflation in Central Europe.

ING: Inflation in Poland continues unabated, could near 7% in December

Rafal Benecki Chief Economist at ING in Poland October 1, 2021

Polish inflation is set to keep rising in the coming months, nearing 7% by December 2021. We see average CPI in 2021 at 4.75% y/y and at 4.5% y/y in 2022. The NBP may quite likely under-deliver with tightening vs elevated market expectations.

Poland extends state of emergency on border with Belarus until end of November

Wojciech Kosc in Warsaw October 1, 2021

Government weaponises refugees as threat to Poles, while opposition accuses it of violating international law by not allowing them to file for protection.

bneGREEN: Poland looks ahead to the death of king coal

Wojciech Kosc in Warsaw September 29, 2021

It is still not clear when coal will stop being the staple fuel of the Polish economy and whether future growth will be powered by renewables only or also by nuclear energy.

Poland records 130,000 excess deaths in past 12 months as pandemic deepens demographic crisis

Wojciech Kosc in Warsaw September 26, 2021

The government’s flagship welfare programme, the universal payout of €109 monthly per every child under 18, has not resulted in any sustained increase in the number of births.

ING: ECB’s push for net-zero carbon will grow ESG credit

Timothy Rahill Credit Strategist at ING in Amsterdam, Jeroen van den Broek Global Head of Sector Research at ING in Amsterdam September 24, 2021

In the push for reducing carbon, significant investment will be necessary, and in turn, funding will be required. This will provide growth for the credit market, and in particular for anything associated with ESG.

Romania and Latvia's car ownership rates among lowest in Europe

bne IntelliNews September 24, 2021

The lowest motorisation rates were found in Romania (357 cars per thousand people), Latvia (381 cars) and Hungary (390 cars).

Poland’s PM skips regional summit to snub Czech premier Babis over mine row

Wojciech Kosc in Warsaw September 24, 2021

Poland reportedly plans to suspend cooperation with Czechia in the Visegrad Group until the mine’s case has been resolved in an amicable way.

COMMENT: Risk premiums in Central Europe during the COVID era do surprisingly well

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors September 23, 2021

In times of crisis there is a fight to quality by bond traders who are keen to reduce their risks. However, in this crisis the countries of Central Europe have done surprisingly well thanks to ECB support.

Poland renews license for US-owned broadcaster TVN24

Wojciech Kosc in Warsaw September 23, 2021

But the regulator also asked the Constitutional Tribunal to check if the current licensing rules are in line with Poland’s constitutional order.

bneGREEN: Greenwashing: regulators flex muscles as the market remains in flux

Richard Lockhart in Edinburgh September 22, 2021

Defining a green investment is crucial to boosting the expansion of renewable energy and preventing the mis-selling of investments by so-called greenwashing, whereby the environmental impact of a product is misrepresented.

Polish retail sales accelerate growth to 5.4% y/y in August

by Wojciech Kosc in Warsaw September 22, 2021

Seasonally adjusted, retail sales inched up 0.4% m/m in August.

Polish government outraged by CJEU fine over lignite mine

Wojciech Kosc in Warsaw September 22, 2021

Poland fined €500,000 per day for failing to abide by order to halt the Turow lignite mine’s operations immediately.

Poland’s industrial production strengthens expansion to 13.2% y/y in August

by Wojciech Kosc in Warsaw September 20, 2021

Seasonally adjusted, industrial production grew 10.7% y/y in the eighth month after an expansion of 12.6% y/y in July.

Poland’s core inflation picks up growth rate to 3.9% y/y in August

by Wojciech Kosc in Warsaw September 20, 2021

The MPC will review new inflation and GDP projections during a sitting in November, widely thought to be crucial for the further course of Poland’s monetary policy.