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New car registrations up by 16.63 % y/y in July

New passenger car and van registrations totaled 41,614 in July and was 16.63 percent higher year-on-year, as well as 11.96 percent lower than in June 2017, according to a report by market researcher Samar citing national car registry. The y/y number has been growing for 28 consecutive months. It is ...
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Locked content Unemployment still at record low 7.1% 

In July the unemployment rate in Poland stood at 7.1 percent, the same as in June, the Ministry of Family, Labour and Social Policy estimated on Friday. This is the lowest reading since 1991 and 16.2 percent lower than in June 2016, the ministry informed. The number of unemployed people last month a...
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Beer production up by 14% 

Beer production in Poland increased by 14 percent over the past ten years, with 42 million hectoliters produced in 2016, compared to 37 million hectoliters in 2007, according to the Central Statistical Office report. At the same time, the lowest level of production was recorded in 2009, when it amou...

Regional office stock at 4,117,500 sqm in H1 2017

At the end of H1 2017 total modern office stock in eight Polish regional cities (Kraków, Wrocław, Tri-City, Katowice, Poznań, Łódź, Szczecin, Lublin) amounted to 4,117,500 , Polish Office Research Forum stated. The largest regional office markets are Kraków (992,200 sqm), Wrocław (866,000 sqm) and t...

Locked content Orbis H1 profit up to PLN 82.25 mln y/y

Orbis recorded PLN 82.25 million attributable net profit in the first six months of 2017 compared to PLN 71.38 million the year before, the company reported in the report.  The company’s operating profit stood  PLN 121.07 million vs. PLN 91.52 million profit a year earlier. Consolidated sales revenu...

Locked content mBank net Q1 profit down 30% y/y 

mBank recorded a consolidated net profit of PLN 269.7 million in Q2 2017, compared with PLN 388.5 million in Q2 2016, the lender informed in a report. The bank’s net interest income totaled PLN 764.78 million, while in the same period last year, it stood at PLN 684.44 million. Net fees and com...

Locked content GDP could grow by 4% in 2017 – FinMin

GDP growth could reach as much as 4.0 percent this year, according to Development and Finance Minister Mateusz Morawiecki. He said that the figure is becoming increasingly probable given the increasing investment. “Our official forecast in 3.6 percent, perhaps 3.8 percent. We are conservative. But t...

Locked content Poznań secures PLN 45.5 mln in EU funds for infrastructure makeover

The city of Poznań has received PLN 45.5 million in EU funding for a major infrastructure redevelopment in the center of the city. The entire investment is set to cost PLN 100 million. The project involves city rail transit as well as the street network. It is scheduled to be completed by Q3 2020...