Locked content Unemployment rate in April declines to 6.3% – MRPiPS

Poland unemployment rate in April fell by 0.3 percentage points to 6.3 percent, Ministry of Family, Labour and Social Policy (MRPiPS) said. There were 1.04 million of unemployed in April, 47,900 fewer than in March. The number of unemployed decreased in all Polish Voivodships with the strongest decl...

Locked content Cognor expects economic growth, rise of steel demand in Poland

Steel producer Cognor expects maintenance of economic growth in Poland and possible increase of demand for steel in the near future, company finance director Krzysztof Zoła said. Steel production in Poland will keep growing year-on-year in the second quarter, however without new investments, further...

Locked content Getback aims to return to normal operations

Troubled WSE-listed debt collector GetBack plans to rebuild the company value and return to normal operations. The company doesn’t exclude sale of some portfolios. A scenario with attracting an investor or investors is also possible, company representatives said. “Getback will honestly and timely in...

Locked content Asseco SEE with PLN 11.7 mln Q1 net profit

WSE-listed Asseco SEE, a unit of Polish IT giant Asseco Poland, posted a PLN 11.17 million Q1 attributable net profit, beating market expectations of PLN 9.6 million. This is a 9.5 percent y/y increase. EBITDA amounted to PLN 23.9 million, 7.2 percent y/y growth while revenues were at PLN 138.6 mill...

Locked content Coal sales up in March

Polish coal miners sold 5.58 million metric tons of coal in March, up by 0.49 million tons m/m and down by 0.48 million tons y/y the Industry Restructuring Agency (ARP) said. Coal production in March amounted to 5.6 million tons, up from 5.18 million tons in February, and down by 0.36 million tons i...

NBP reserves drop in April

Poland’s Central Bank’s (NBP) reserves stood at €93.54 billion at end-April and were some €3.3 billion lower than the month before, according to the NBP’s official reserve data. Reserves denominated in USD have decreased by $5.9 billion to $113.54 billion. The PLN-denominated reserves stood at...

Locked content New car registrations up by 11% y/y in Q1

As many as 139,900 new passenger cars were registered in Q1, 11 percent more than in the corresponding period of last year, according to a report prepared by consultancy KPMG and sector lobby PZPM. “Despite the significant increase in registration by individual customers, we have been dealing ...

Locked content Road accidents claim 72 lives during May break in Poland

During the long May holiday week (April 27-May 6) as many as 72 people have died and 1,081 have been injured in 850 road accidents nationwide. Furthermore, police stopped 3,582 drunk drivers. As with each year, many Poles took advantage of having two public holidays in the beginning of May (May 1 an...