Poland CB Concerned

For Oleksandar Potashnyi, a Warsaw Uber driver from Kiev, the European Union’s move this month to waive visas for Ukrainians now means he can go further west as a tourist—easily, Reuters reported. But for work, he plans to stay in Poland, perhaps opening his own business in a few years. The issue for Poland after the EU’s waiver is how many of Potashnyi’s compatriots—possibly as many as a million of whom work in the country—will do the same, and how many will move on to Germany and the like. It is a crucial question for the Polish central bank, in particular, as it watches for signs of wage pressures gradually accelerating throughout the economy.