
Winds of war blow on the weapons makers’ economies
Poland and the Czech Republic account for 20% of the Ukrainian arms imports by volume. The increase in orders makes companies changing their production system.
Poland and the Czech Republic account for 20% of the Ukrainian arms imports by volume. The increase in orders makes companies changing their production system.
In 2022, the turnover of trade between Warsaw and Seoul amounted to USD 9 bn. The value of Korean exports reached USD 7.90 bn (+19%).
Poland move military units to the east due to the presence in Belarus of Wagner Group, one of the most battle-hardened mercenary forces.
The Baltics have requested the NATO forces deployed be beefed up to 3,000-5,000 troops each, being the most vulnerable part of the organization.
NATO fears that Wagner group will cause greater instability in the region. Aggressivity increase as the number of migrants rose.
In Poland real interests are negative, and core inflation is still at the highest levels. Industrial output (-3.2%), construction (-0.7%), and retail sales (-6.8%) are all falling.
Despite Poland’s core inflation picture being the least favourable in the region, the government released a plan to increase permanent spending.
In an attempt to avoid an outright ban on sales of polluting vehicles, Warsaw will continue mining coal, which generates 70% of its power, until 2049.
Ukraine urges the EU to lift export restrictions on its agricultural products, whereas CEE countries claim local markets’ distortion.
High inflation has translated not only into a decline in real purchasing power, but also in construction- (-1.5%) and industrial production (-2.9%) drops.