Advertisement

Polish government announces financial program to combat inflation

  • Xinhua
  • Share

Polish Prime Minister Mateusz Morawiecki gives a statement after meeting with Hungarian Prime Minister Viktor Orban and Italy’s League party leader Matteo Salvini in Budapest, Hungary, April 1, 2021. REUTERS/Bernadett Szabo

Advertisement

WARSAW — Polish Prime Minister Mateusz Morawiecki announced on Thursday a new financial program aimed at softening the impact of rising prices on Polish families.

The measures, which the government named “Inflation Shield,” include a cut to sales tax on electricity and gas, and a handout to low-income households, ranging from 400 zloty (95 U.S. dollars) to 1,000 zloty (275 U.S. dollars).

Inflation in Poland rose to 6.8 percent in October, the highest in the country since 2001. Prices for gas and gasoline have risen 53 and 31 percent respectively in a year, the Polish statistics agency GUS reported earlier this month.

The Polish currency, the zloty, also gradually weakened to the euro and U.S. dollar over the year.

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
Punjab Set to Introduce 28 Electric Buses in Another City
Suzuki Alto, Cultus and Swift easy installment plans for October 2025
BTC TO PKR – Today’s Bitcoin price in Pakistan on October 22, 2025
BTC TO USD – Today’s Bitcoin price in Dollar on October 22, 2025
Gold price decreases in Pakistan: Check new rates here
Currency Exchange Rates in Pakistan Today
Next Article
Exit mobile version