Poland

Labour costs in Western Europe still four times higher than in Romania and Bulgaria

Iulian Ernst in Bucharest March 28, 2024

Bulgaria has the EU's lowest labour cost, while Romania still lags well behind Poland and Hungary.

World Meteorological Organisation issues ‘red alert’ on climate crisis

bne IntelliNews March 27, 2024

The UN’s World Meteorological Organisation has issued a “red alert” on the climate crisis, citing unprecedented increases in 2023 in greenhouse gases, land and water temperatures and melting of glaciers and sea ice.

Moody’s assigns negative outlook to Czech CEZ after Gasnet takeover

bne IntelliNews March 27, 2024

The Gasnet acquisition comes amid the efforts of the Czech state to gain a stronger footing in the energy infrastructure and diversification from its dependency on Russian energy supplies.

COMMENT: Overheating in Russia and Turkey, but CEE recovering

Ben Aris in Berlin March 27, 2024

The economies of Central and Eastern Europe (CEE), which experienced a period of stagnation last year, are poised for a modest revival in 2024, but both the Russian and Turkish economies are already overheating.

Lukashenko contradicts Putin on Crocus City terrorists, threatens to invade Baltics

bne IntelliNews March 27, 2024

In Belarus President Alexander Lukashenko’s latest bombastic rant, he contradicted Russian President Vladimir Putin, saying the four terrorists fleeing the killing spree in the Crocus City Hall mall were headed towards Belarus not Ukraine.

Romania's GDP per capita surpassed Hungary's in 2023

bne IntelliNews March 27, 2024

Romania has been catching up with the EU average faster than Hungary, which fell into recession in 2023.

Poland’s ruling coalition moves step closer to putting NBP chief on trial

Wojciech Kosc in Warsaw March 26, 2024

If parliament approves the motion, it means the automatic suspension of Glapinski, although with an option to appeal to the Court of Justice of the EU.

NBP head says he wants peace with Tusk as motion to oust him goes to parliament

Wojciech Kosc in Warsaw March 26, 2024

Glapinski faces vote in the parliament that could open the way to a trial before the State Tribunal.

Where water stress will be highest by 2050

Martin Armstrong for Statista March 24, 2024

Water is not only the basis of life for animals and plants but is also likely to become a contested resource in parts of the world in the coming decades, reports Statista.

Penta mulls sale of Fortuna gambling chain

Albin Sybera March 22, 2024

Central Europe's largest betting company reportedly valued at up to €2bn.

Polish retail sales jump 6.1% y/y in February

Wojiech Kosc in Warsaw March 22, 2024

Consumption is expected to drive Polish economic growth in 2024 to 3%-4% after an expansion of just 0.2% last year.

Polish central bank chief faces suspension after parliament files motion for trial

Wojciech Kosc in Warsaw. March 22, 2024

The ECB is likely to defend Glapinski, considering the motion and the rhetoric that accompanies it a political challenge to the central bank’s independence.

Polish PPI deflation eases slightly in February

Wojciech Kosc in Warsaw March 21, 2024

Poland's producer price index declined 10.1% year on year in February, following a revised fall of 10.4% y/y in January.

Poland’s Tusk says motion to try central bank chief is 'ready'

Wojciech Kosc in Warsaw March 20, 2024

Any attempt to put Glapinski before the State Tribunal is likely to provoke anger from the European Central Bank.

Seed of dissent: EC imposes fresh restrictions on Ukraine agriculture exports under European farm lobby pressure

Ben Aris in Berlin March 20, 2024

The European council agreed to add several new agricultural products to a list that reimposes tariffs and quotas on Ukraine agricultural product imports to the EU, voting on a surprise decision to expand the list.

A surprise EU proposal to expand agricultural ”emergency brake” import restrictions will cost Ukraine €1.7bn

Ben Aris in Berlin March 19, 2024

EU countries have overnight agreed to impose new restrictions on Ukrainian agricultural imports that will cost the cash strapped country €1.7bn and hurt its ability to fight the war against Russia.

EM winners and losers from the global green transformation

Ben Aris in Berlin March 19, 2024

The global green transformation will create a windfall for many Emerging Markets that are home to large deposits of essential raw materials needed for the revolutions, while others like oil producers will take a hit and see their growth slow.

Polish fashion retailer LPP’s stock price partially recovers after damning report

Wojciech Kosc in Warsaw March 19, 2024

LPP fiercely denies claims by Hindenburg Research that it had faked an exit from Russia following the outbreak of the war in Ukraine.

Polish core inflation eases growth to 5.4% y/y in February

Wojciech Kosc in Warsaw March 19, 2024

Poland’s core inflation eased growth to 5.4% y/y in February after growing 6.2% y/y the preceding month.

KYIV BLOG: EU finalises €5bn Ukraine Peace Fund contribution that will see little new money sent to Kyiv

bne IntelliNews March 18, 2024

EU ambassadors agreed to back a new €5bn Ukraine Assistance Fund on March 13, part of the EU's off-budget European Peace Facility (EPF) that is used to partially reimburse member countries for the weapons they provide to Ukraine.

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