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Average Pole to spend PLN 882 on Christmas – report

This year Poles intend to spend PLN 882 on average on gifts, food, and meetings with their close ones on Christmas, which is 2 percent more than last year, according to a study by consulting firm Deloitte. It was added that we would like to spend more on gifts than on food. Last year, Poles declared...
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EU to abolish geoblocking in e-commerce

The EU has agreed to abolish geoblocking in online retail trade. After the new regulation come into force, customers from the whole bloc will be able to purchase goods and services on any website in the EU, without being redirected to local sites with differing prices. “Removing unjustified blocking...
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GDP growth at 4.7% in Q3 – flash estimate

Poland’s gross domestic product grew by 4.7 percent year-on-year in the third quarter of 2017, according to a flash estimate published by the Central Statistical Office (GUS). The quarter-to-quarter growth was at 1.1 percent. GUS also revised the Q2 growth to 4 percent from the previous 3.9 percent....
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EU agrees on ETS carbon market reform

EU member states came to an agreement regarding the bloc’s the EU Emissions Trading System (ETS). The cap-and-trade system is the EU’s flagship tool for reducing greenhouse gases and meeting its climate goals by regulating emissions at some 12,000 industrial and power installations.

Economic patriotism increases by 13% in 2017 – poll

Nearly half of Poles (46 percent) admitted to making purchase decisions based on whether the product was produced in Poland, which is 13 percentage points more than in last year’s survey, according to pollster CBOS. Economic patriotism is the third most important criterion for those surveyed, follow...
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Egg prices soar – Ministry of Agriculture

Egg prices have been soaring not only in Poland, but also across EU countries, caused by the reduced population of hens. This was the result of the detection of fipronil in chicken farms in the Netherlands, Belgium , Germany and other countries and bird flu in Italy, the Ministry of Agriculture stat...
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Polish cosmetics market worth PLN 16 bln – Deloitte

The Polish cosmetics market was worth PLN 16 billion in 2016, while in 2002 its value stood at PLN 9 billion. Over the past 15 years the market grew by 78 percent nominally and by 32 percent in real terms, which translates into 2 percent growth a year, according to a report prepared by advisory Deli...