Poland
bneGREEN: Coal dominates at COP26 as more countries join the clean transition
Poland, Ukraine, Vietnam and a host of other major coal-burning countries made clear commitments to phase out coal power in the coming years, as the UK presidency of COP26 claimed that “the end of coal is in sight”.
EBRD lifts emerging Europe forecasts but warns of threats ahead
The EBRD has increased its 2021 GDP growth projection for the emerging Europe and SEMED regions where it operates to 5.5% after a strong performance in H1.
Poland’s central bank surprises again, hiking rates 75bp to 1.25%
Fast-rising inflation – with y/y growth in October clocking in at 6.8%, a 20-year high – is finally pushing monetary policymakers to try to catch up.
Banca Transilvania to create digital banking hub with Idea::Bank acquisition
Idea::Bank is the third bank purchased by Banca Transilvania, after Bancpost and Volksbank Romania.
Polish inflation accelerates to 6.8% y/y in October, flash estimate shows
Inflation hits highest point for 20 years, making another rate rise a done deal.
THE VIEW FROM MITTELEUROPA: German traffic light coalition could worsen frictions with CEE
A new centre-left government in Berlin could help create a two-tier Europe, especially if it promotes rule of law penalties.
Roll back judiciary reforms or you will get no recovery funds, EU’s von der Leyen tells Poland
Poland and the EU are feuding over the former’s judiciary reforms, which, Brussels says, undermine the independence and impartiality of the judges.
bneGREEN: UN warns that net-zero pledges are insufficient and not urgent enough
A majority of G20 net-zero pledges made so far are not strong enough and are not backed up by meaningful and effective promises of action.
Poland moots plans to make its army one of Nato’s largest
Poland plans to more than double the size of its military to at least 250,000 troops, the country’s defence ministry said.
bneGREEN: EU MEPs back binding methane targets
In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.
Polish government dithers as COVID-19 infections soar
Only half the population has been vaccinated and the least vaccinated regions also happen to be the most pro-government.
wiiw hikes 2021 CEE growth forecast to 5.4%
Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.
Polish industrial production eases growth to 8.8% y/y in September
Data shows the strength of Polish industry and its resilience to bottlenecks in the supply of raw materials and intermediate goods.
ING: Growing metals demand & the issue of emissions
The energy transition provides a great opportunity for the metals industry. Investment in clean energy technologies will boost metals demand. However, while the sector will play a crucial role, it will need to address its own emissions.
Poland and the EU ratchet up judicial dispute
Prime Minister Mateusz Morawiecki defends Polish position in European Parliament as European Commission President Ursula von der Leyen warns that the EU will not hesitate to withhold funding.
bneGREEN: Green policies set to reduce EU gas demand to baseload core
While the current gas crisis in the EU sees record-high wholesale gas prices, hurting consumers and causing the latest round of a supply disputes with Russia, the race to net zero by 2050 could have deeper long-term consequences for EU gas demand.
Polish inflation climbs further to 5.9% y/y in September
Inflation picks up 0.5pp versus the preceding month to a 20-year high.
CEE needs to speed up transition to new growth model, argues GLOBSEC report
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
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
Protests follow ruling by the Constitutional Tribunal that the Treaty of the European Union contravenes the Polish Constitution.
