Poland

Nato agrees 'fundamental shift' to counter Russia

Robert Anderson in Prague June 29, 2022

Security alliance’s leaders agree a big increase in troop deployments on its Eastern Flank, more help for Ukraine in its defence against Russian aggression, and a new Strategic Concept.

Poland’s unemployment rate falls to lowest point since 1990

Wojciech Kosc in Warsaw June 26, 2022

Poland’s unemployment rate slid 1pp y/y to 5.1% in May.

bneGREEN: Reducing investment in fossil fuels can fund Europe’s energy transition

Richard Lockhart in Edinburgh June 24, 2022

Europe’s electricity system could become greener, more secure and more resilient while not requiring any funding if the right investments are made to replace increasingly expensive fossil fuels.

bneGREEN: Coal investment remains major threat to green dream

Richard Lockhart in Edinburgh June 24, 2022

An 8% rise in global energy investment in 2022 to $2.4 trillion, driven by a 12% rise in clean energy spending, is still far from enough to tackle the energy crisis and to put the world on the path to a greener and more secure energy future.

Polish retail sales growth eases to 8.2% y/y in May

Wojciech Kosc in Warsaw June 23, 2022

Consumption trends are normalising after disruption caused by the inflow of Ukrainian refugees and the low base effect from last year.

CEE inflation spreading across whole region, set to last for years

Ben Aris in Berlin June 22, 2022

Inflation is being driven up by the food crisis and disrupted supply chains, first during the pandemic and now due to the war in Ukraine, leading to fears of stagflation for the whole world.

Polish PPI inflation accelerates to 24.7% y/y in May

Wojciech Kosc in Warsaw June 22, 2022

The index grew sharply due to expensive energy commodities and industrial metals, their prices driven up by the war in Ukraine.

Polish banks go from resilience to vulnerability

Wojciech Kosc in Warsaw June 21, 2022

Mounting economic woes and government interventions have pushed the banking stock index down more than 36% in the year to date.

bneGREEN: Heatwave hits Europe as climate change bites

Richard Lockhart in Edinburgh June 21, 2022

Temperatures in Europe broke through the 40°C mark in mid-June, stoking fears of record-breaking summer heat waves that could endanger lives and threaten food supplies whilst providing further proof of the effects of man-made global warming.

World hit by interest rate and inflation shock says IIF

Ben Aris in Berlin June 20, 2022

The world’s economy is being hit by an inflation and interest rate shock that shows no sign of abating, Institute of International Finance (IIF) said in a recent paper.

ASH: Welcome to the new age of inflation

Timothy Ash Senior Sovereign Strategist at BlueBay Asset Management in London June 17, 2022

The debate around inflation is centre-stage at present, with headline and PPI inflation soaring globally in response to a range of factors but including climate change/transition and Covid-related supply disruptions.

Polish CPI growth confirmed at 13.9% y/y in May as inflation spreads throughout economy

Wojciech Kosc in Warsaw June 15, 2022

Polish CPI growth accelerated 1.5pp to 13.9% y/y in May, with analysts now pencilling in 15%-16% y/y peak CPI growth in August or September.

Wargaming opens studios in Belgrade and Warsaw after pulling out of Russia and Belarus

bne IntelliNews June 15, 2022

Wargaming closed its studios in Russia and Belarus following the military invasion of Ukraine, and is now adding new studios in Central and Southeast Europe.

NEMETHY: The world continues to hurtle towards recession and potentially financial crisis

Les Nemethy June 14, 2022

There is a widespread feeling of ‘business as usual’. There is very little sense of impending doom. This confidence is misplaced.

Bulgarians most sceptical in EU about euro adoption, Eurobarometer poll says

bne IntelliNews June 12, 2022

54% of Bulgarians don't want their country to switch to the euro, despite plans to enter the eurozone in January 2023.

bneGREEN: UN stresses green issues are key to reducing poverty and boosting sustainability

Richard Lockhart in Edinburgh June 11, 2022

Maintaining a healthy planet and ensuring prosperity for all requires a renewed emphasis on reducing environmental impact, sustainability and changing the way the current economic system works.

bneGREEN: Europeans set higher decarbonisation targets to rescue continent’s security

Richard Lockhart in Edinburgh June 10, 2022

A total of 19 European governments have accelerated their decarbonisation policies in response to a combination of the COVID-19 pandemic, the gas crisis and Russia’s invasion of Ukraine.

bneGREEN: EU to use €2.4bn of carbon credit cash to fund green projects in CEE

Richard Lockhart in Edinburgh June 9, 2022

The EU’s Modernisation Fund is to provide €2.4bn raised from the proceeds of the EU Emissions Trading System (ETS) to seven Central and East European countries to help them meet their 2030 climate and energy targets

bneGREEN: Energy efficiency: a central pillar of meeting green targets

Richard Lockhart in Edinburgh June 9, 2022

Energy efficiency must play a central role in meeting the world’s emissions reduction and renewable energy targets.

Global red warning lights are flashing as stagflation looms

Ben Aris in Berlin June 9, 2022

The conflict in Ukraine and high inflation threaten the global economy with stagflation similar to that experienced in the 1970s, according to a new World Bank forecast.

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