Foreign trade deficit reaches €0.7 bln at end-April– GUS

In the first four months of 2018, Polish exports amounted to €70 billion, while imports amounted to €70.7 billion. The trade deficit reached €0.7 billion. In comparison to the corresponding period of 2017, exports increased by 5 percent and imports by 7.9 percent, data from Poland’s Central St...

Housing permits, construction up in Q1 – GUS

In Q1, the number of dwellings on which construction has started grew by 8.5 percent y/y to 47,978, according to data released by the Central Statistics Office (GUS). Moreover, the number of dwellings completed increased by 10.6 percent y/y to 44,797.

Vacancies grew in Q1 – GUS

There were 152.4k vacancies in Poland at end-Q1, which is 28.3 percent y/y growth, the Polish Central Statistical Office (GUS) reported.

Public debt grows in Q1

The national public debt at end-Q1 increased by 2.8 percent q/q to PLN 989.17 billion, the Ministry of Finance reported.

Locked content TFI assets grew by 1.3% in May

The assets of Polish investment funds (TFIs) increased by 1.3 percent month-on-month to PLN 284.1 billion in May, according to Analizy Online and IZFiA. Cash funds saw the biggest growth rate (by 4.1 percent), followed by non-public assets funds (3 percent) and absolute return funds (2.1 percent). T...

Locked content NBP: Banking sector stable

Poland’s banking sector is stable and resilient, according to the latest financial stability report compiled by Poland’s central bank (NBP). “Poland’s financial system is functioning in a stable manner, supported by the domestic economic environment that exhibits no major imbalances. The level and g...

Locked content PFR files PESA takeover motion to UOKiK

FIPP FIZAN fund controlled by state-run Polish Development Fund PFR filed the motion to the antitrust watchdog UOKiK to takeover rolling stock producer PESA. Back in May, PESA signed an agreement regulating in detail the rules for the takeover of its shares by the Polish Development Fund. This meant...

Locked content Energa’s three lawsuits against windfarm operators dismissed

A subsidiary of WSE-listed power group Energa, Energa-Obrót had three of its lawsuits demanding nullification of its contracts with windfarms rejected by an arbitration court, the company said in a market filing. The company is considering filing an appeal and is analyzing the potential financial im...

Locked content Globalworth with €450 mln private placement

WSE-listed real estate developer Globalworth Poland (formerly known as Griffin Premium RE) is launching a private placement offer of up to 350 million new shares and plans to raise at least €450 million, the company said in a market filing. The company’s main shareholder, Globalworth Real Estate Inv...

Locked content Insurers want PPK assets exempt from bank tax

Insurers lobby Polska Izba Ubezpieczycieli PIU wants assets of employer-sponsored pension plans PPK managed by insurers to be exempt from the so-called bank tax. The Finance Ministry is currently analyzing the issue but is “reluctant” to make any exemptions. “This is a fundamental problem because we...