OECD CLI for Poland inches down in November

The Composite Leading Indicator (CLI) for Poland decreased by 0.02 percentage points m/m in November to 99.34 points. In y/y terms, the indicator decreased by 0.96 pps, according to OECD data.

Retail bond sales reach PLN 6.9 bln in 2017 – FinMin

The Ministry of Finance sold PLN 6.86 billion retail bonds last year, which is the best result in a decade, the office informed. The most popular were papers maturing in two years (PLN 2.95 billion), followed 4-year bonds (PLN 2.45 billion). Overall, the ministry offered papers maturing between thre...

Locked content PKP 2017 net profit to exceed PLN 500 mln – CEO

The consolidated net profit of the state-owned railway group PKP for 2017 will exceed PLN 500 million, company’s CEO Krzysztof Mamiński said. “Based on the expected net results achieved by our companies, the total amount should exceed PLN 500 million, making it the most profitable year in our histor...
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Report: 25% of companies will invest in work automation

As many as 25 percent of companies plan to invest in work automation and replace some of their employees with machines or robots, while 60 percent do not plan such actions, according to the latest Work Service survey. As experts point out, in the coming years’ staff shortages will be covered b...

Locked content EU to investigate tax incentives for Polish shipyards

The European Commission has launched an investigation into tax incentives for Polish shipyards as it is concerned it might give them an unfair competitive advantage. Under the new law introduced in September2016, shipyards are allowed to pay a 1 percent flat tax rate on sales from shipbuilding and c...

GUS: Inflation at 2.1% in December

Poland’s inflation rate stood at 2.1 percent in December in year-on-year terms, the Central Statistical Office (GUS) said revising its initial flash estimate which stood at 2 percent y/y growth.

Locked content ARP submits offer to buy Gdańsk shipyard

State-run Industrial Development Agency (ARP) has filed an offer to Ukranian Gdańsk Shipyard Group the owner of the Gdańsk shipyard to takeover the troubled facility. ARP wants to also acquire shares in GSG Towers a company also controlled by Ukrainian businessman Serhiy Taruta. “We have made a fair...

Locked content Electricity consumption inches down 0.44% y/y in December – grid...

Electricity consumption decreased by 0.44 percent y/y in December to 14.91 TWh, while production dropped by 3.73 percent y/y to 14.65 TWh, the national grid operator PSE said. In 2017, the consumption amounted to 168.14 TWh, a 2.13 percent y/y increase, while production reached 165.85 TWh, a 1.98 pe...