Tag: Coface

Not only Poland threatened by excessive deficit

Poland has been subjected to the Excessive Deficit Procedure. What is the Excessive Deficit Procedure? It is initiated by the European Commission when the...

Polish Economy Accelerates by 3.2% in Q2 2024, Yet Growth Remains Below Potential

Recently published data by the Central Statistical Office (GUS) confirms that the economy accelerated in the second quarter of this year, growing by 3.2%...

Record High Insolvency of Polish Companies in the First Quarter of 2024

Despite optimistic forecasts at the end of 2023, the first three months of the current year have led to the insolvency of as many...

Transport and Warehouse Industry Faces Doubling Insolvencies Amid Border Challenges and Rising Costs

Adverse economic conditions are hitting the transport and warehouse industry. In 2023, insolvency affected 546 companies, a 100% increase from the previous year....

The Worst or the Best? What Awaits the Construction Industry in Poland?

Poland is entering the economic recovery phase. Indeed, the economic improvement is somewhat laborious and uncertain in the face of various challenges, especially the...

Poland’s Economic Recovery in 2024 After a Challenging 2023

The year 2023 was rather poor for the Polish economy. Although it seemed that 2022 - when a full-scale war broke out in Ukraine...

Poland leads in defense spending in NATO

Poland has unexpectedly become the leader among NATO countries in terms of military spending. According to estimates, last year's military spending reached 3.9% of...

Polish central bank should avoid aggressive rate cuts, says expert

The National Bank of Poland was the first to decide to cut interest rates - not only in Central and Eastern Europe, but across...

Poland’s Budget Deficit Looms Large: Electoral Promises and Foreign Debt Pose Risks

This year, the budget deficit could reach high levels, possibly approaching 200 billion złoty. Generous electoral promises have been made, such as the continuation...

Record-Breaking Rise in Corporate Insolvency in Poland in 2023

The latest report on insolvency in Poland shows that 2023 was not a good year for the country's economy. In the past 12 months,...

Polish businesses report shorter payment terms, but delays persist

The negative GDP growth in the first half of 2023 and the unfavorable macroeconomic situation had a negative impact on the Polish economy over...
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