#AUTOMOTIVE INDUSTRY

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Hirsch on the Economy: Poland faces budget challenges amid record borrowing plans

Short-term Polish treasury bills, reintroduced for the first time since the pandemic, have raised concerns about the country’s financial outlook as inflation edges up and economic growth faces headwinds.

An electric car is being plugged in for recharging at an EV (Electric Vehicle) charging station in Warsaw, Poland, on July 5, 2024. (Photo by Aleksander Kalka/NurPhoto via Getty Images)

Hirsch on the economy: Electric cars, rising wages and cheaper holidays in Hungary

In his weekly column, economist Rafał Hirsch examines Poland's deteriorating consumer sentiment, stock market movements, budget challenges, and the contrasting monetary policies of Hungary and Poland.

Photo courtesy of Posco International

Korean firm starts building major EV component plant in southern Poland

South Korean company Posco International has broken ground on a 100,000-square-meter production facility in the southwestern Polish town of Brzeg in an investment reported to eventually reach almost $150 million.