Italy, the only euro zone economic loser

Italy’s Gross Domestic Product has dropped by 0.4 percent since the country joined the euro zone. Even though Rome’s GDP expanded 6.2 percent since 98, its population has decreased by 6.6 percent, according Eurostat data, compiled by Bloomberg.

Locked content Duda invites Trump to visit Poland

Polish President Andrzej Duda has sent a formal invitation to US President Donald Trump to visit Poland. “The invitation was accepted and we will now wait for President Trump’s response regarding his calendar,” Presidential Minister Krzsztof Szczerski, said. Szczerski extended the invitation during ...

Locked content Government softens its stance on Sunday trade ban

According to Wiadomości Handlowe portal, the new draft on Sunday trade ban, proposed by the Ministry of Family and Social Policy is less strict than the previous drafts. The latest proposal, includes, introducing the ban in phases, lowering penalties for breaking the rules and delegating some of the...

Eurostat: Retail sales up by 4% in December

The volume of seasonally adjusted retail trade in Poland grew by 4 percent year-on-year in December, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it dropped by 1.7 percent.

Locked content Integer withdraws from several parcel locker markets

WSE-listed postal operator Integer has announced that it will withdraw from its parcel locker operations in Malaysia and Ukraine. Furthermore it will close its operations in Spain, Norway and Brazil. “The cost of terminating activity in those countries will cost about PLN 5.5-6 million,” the company...

Locked content Daily sales down 9.95% in December

The sales of Polish daily newspapers has dropped by 9.95 percent to 746,400 copies, according to data by The Association of Control of Press Distribution (ZDKP). The top-selling newspaper was tabloid Fakt with 272,650 copies sold daily on average (10,12 percent loss y/y and 1.45 percent growth m/m),...

Locked content Consumer bankruptcies increased twofold in 2016

As many as 4,450 people have filed for consumer bankruptcy in 2016, up from 2,113 in 2015, according to data released by BIG InfoMonitor. The value of an average debt was PLN 180,876 last year, a drop from PLN 230,709 recorded in 2015. In 2015, the Polish law on personal bankruptcies was amended mak...

Locked content Tusk: I’m ready to serve my second term

European Council President Donald Tusk told EU leaders on Friday that he was ready to serve his second term after his current mandate expires at the end of May. “After talking to many leaders who expressed their support, I informed that I am ready to continue my work. But that will depend on the dec...

Locked content Poland’s new car registrations rise 17.2% in January – SAM...

Poland’s new passenger car and van registrations rose by 17.2 percent year-on-year in January, which is the best result for that month in 16 years, report by market researcher SAMAR showed. Month on month, however that figure shrunk by 15.4 percent. The y/y number as been growing for 22 consec...

Locked content KNF website hacked

Poland’s financial market regulator KNF website has been hacked last week “KNF has identified an attempt of external intrusion in the IT system servicing its website but its internal IT systems are safe,” KNF spokesperson Jacek Barszczewski wrote in a statement. “Internal systems of reporting ...