Interim Poland Price Index (PPI) Decline

Spread the love

interim poland price

Poland’s Producer Price Index (PPI) declined 6.4% year on year in December, up from a revised fall of 5.1% the preceding month, according to data released by the country’s statistics office GUS on January 10. The decline brings PPI inflation down to 1.9%.

Despite the in inflation, political pressures continue to rise with opposition accusing energy conglomerate PKN Orlen – the Polish state’s 49 percent majority owner and market leader – of deliberately manipulating fuel prices ahead of elections next year. PKN Orlen has denied the allegations, insisting that the recent improvement in prices is a result of efficiencies gained as a result of its recent acquisitions of domestic rivals Lotos and PGNiG.

In 2021, the European Court of Justice ruled that a Polish law on the retirement age of judges was not compatible with the EU treaties – sparking a major row between the government of nationalist Law and Justice party and the bloc’s institutions. The Constitutional Tribunal has since sparked further crises by ruling that penalties imposed by the Court of Justice before a final judgment are incompatible with the constitution.

Budgeting for Interim Solutions: Understanding Price Structures in Poland

Civil procedure in Poland is governed by the Code of Civil Procedure. However, acts of international and European law have priority over provisions in the KPC. That is why the Court argued that it has grounds to consider that Poland’s refusal to comply with the order requested by the Commission was incompatible with the EU treaties. The Court therefore ordered Poland to pay the Commission penalty payments starting from the date of the issuance of the Order until it complies with that order or until the final decision in the main proceedings is delivered.

Leave a Comment

Your email address will not be published. Required fields are marked *