Polish police seize 70 tonnes of illegal tobacco

Polish police say they have seized a record haul of illegal tobacco in a joint raid with tax inspectors just south of Warsaw. The operation near the town of Piaseczno saw investigators confiscate 70 tonnes of illegal tobacco with an estimated street value of PLN 31 million (EUR 7.2 million, USD

Memorial Day honouring Poles who rescued Jews

March 24 is observed in Poland as a memorial day honouring Poles who helped save Jews from the Holocaust. The Day was first observed in 2018, after legislation initiated by Polish President Andrzej Duda was adopted by the upper house of Poland’s parliament. The memorial day is designed to be a tribute

Polish retail sales up 6.5% y/y in February: stats office

Retail sales in Poland rose 6.5 percent in February compared with the same month a year earlier, the country’s Central Statistical Office (GUS) said on Thursday. Sales of household appliances and consumer electronics climbed 14.3 percent in year-on-year terms, while sales of pharmaceuticals and cosmetics rose 9.7 percent. Sales of fuels increased

Polish industrial production up 6.9% y/y in February: stats office

Industrial production in Poland grew 6.9 percent in February compared with the same month a year earlier, the country’s Central Statistical Office (GUS) said on Wednesday. The reading was higher than forecast by analysts, who had expected an increase of 4.5 percent, Poland’s PAP news agency reported. In month-on-month terms, industrial production

Czech Republic to lift blanket inspections on Polish beef?

The Czech agriculture minister said on Monday his country would lift blanket checks on Polish beef imports by March 25 if certain conditions were met. The Czech Republic’s Miroslav Toman was speaking after a meeting on Monday in Brussels with his Polish counterpart, Jan Krzysztof Ardanowski, and with EU Health and

Polish inflation at 1.2% in February: stats office

Inflation in Poland stood at 1.2 percent in February in year-on-year terms, rising from 0.7 percent in January, the country’s Central Statistical Office (GUS) said on Friday. The statistics office has revised its system of weights used for calculating the consumer price index in 2019, Poland’s PAP news agency reported. The Central

Polish interest rates likely to stay put until 2022: central bank chief

Poland’s interest rates are likely to stay intact until at least 2022, the country’s central bank chief said on Thursday. Adam Glapiński, head of the National Bank of Poland (NBP), told a banking conference that interest rates in the country were stable and that, in view of the latest forecasts, there

Conference aims to boost Polish-Irish business ties

The fourth Irish-Polish Innovation Forum was set to take place at the Kraków Technology Park in southern Poland on Wednesday. The conference was expected to see debate on innovation, collaboration and growing Irish-Polish business ties. Ireland’s ambassador to Warsaw, Emer O’Connell, said ahead of the forum: “Irish companies are very active in

External factors will slow Polish economy: report

Polish economic growth will soon slow due to external factors, the Puls Biznesu daily has said, quoting a report by the country’s central bank. The bank has estimated that Polish GDP will slow to 3.5 percent between 2019 and 2021, according to Puls Biznesu. The paper quoted the bank as saying that

US preparing sanctions on Nord Stream 2 firms: WSJ

Washington is preparing to impose sanctions on EU firms that help finance Russia's Nord Stream 2 gas pipeline to Germany, the Wall Street Journal has reported, citing US officials it did not name. Sanctions would also be slapped on companies involved in laying the pipes for the gas link in the