Locked content Inflows to investment funds higher than withdrawals

Net inflows into Polish investment funds amounted to zł.0.86 billion in July, according to data from the Chamber of Fund and Asset Management (IZFiA) quoted by the Polish Press Agency. This was the 22nd consecutive month with inflows higher than withdrawals. According to the IZFiA, “the Polish fund ...

Locked content AB issues bonds worth PLN 100 mln

AB, the largest IT distributor in the CEE region, issued five-year unsecured bonds worth PLN 100 million, the company said in a news release on Wednesday. Subscriptions for the bonds totaled PLN 160.4 million and a reduction was necessary, the company said. The bonds will be redeemed on August 12, 2...

Locked content Poland to send aid to Iraq

Poland will send a batch of humanitarian aid to Iraq, Marcin Wojciechowski, spokesperson for the Ministry of Foreign Affairs, said at a press conference on Wednesday. The transportation is organized by the Polish army in cooperation with organizations such as Caritas Polska. The aid will comprise 7 ...

Locked content OFEs popular despite obstacles

Some 2.53 billion of Poles chose to remain with remain private pension funds (OFEs), the Social Insurance Institution (ZUS) announced on Wednesday. Although the OFE option was not advertised and required signing a special document (whereas the ZUS option did not), the number of people remaining with...

Locked content PKP sells properties worth PLN 46.4 mln

State-owned railway group PKP sold some 180 properties worth a total of PLN 46.4 million in the first half of 2014, the company’s management board member Piotr Ciżkowicz was quoted as saying by ISBnews. By the end of 2014 the value is expected to reach PLN 236 million, Ciżkowicz said. “We maintain t...
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Deflation recorded in Poland in July

The consumer price index in Poland dropped to -0.2 percent year-on-year in July, the Central Statistical Office (GUS) said on Wednesday. In month-on-month terms prices also declined by 0.2 percent.

Locked content Poles go for on-line drugs

E-pharmacies are becoming increasingly popular in Poland. In both January and March 2014 Polish pharmaceutical e-commerce sites recorded over 2 billion real users, according to data from Megapanel PBI/Gemius. This is a significant rise from last year’s autumn and spring, when only 1.7-1.8 bill...

Locked content Industrial production up by 1.7% in June – Eurostat

Industrial production in Poland grew by 1.7 percent year-on-year in June, according to data published on Wednesday by the EU’s statistics office Eurostat. In month-on-month terms it grew by 0.4 percent. Throughout the EU industrial production grew by 0.7 percent y/y and inched down by 0.1 percent m/...

Locked content Future inflation index down again

The future inflation index calculated by the Bureau for Investments and Economic Cycles (BIEC) declined by 0.9 points month-on-month in August, according to data quoted by the Polish Press Agency. This was the third consecutive month of decline, BIEC said. Only one out of nine factors contributing t...