Locked content Retail sales slow in December – GUS

Poland’s Central Statistical Office (GUS) released its latest figures for retail sales and also for industrial production on Thursday. It stated that retail sales had grown, y/y, by 6.4 percent in December (2016), which was a decrease in comparison with November, when they had grown at a pace of 6.6...

Locked content Taxi drivers continue to press gov’t for tighter industry regula...

On Wednesday, Jerzy Szmit, the Deputy Minister of Poland’s Ministry of Infrastructure and Development, received a petition asking the government to increase regulation, so as to make the market fairer for all operators, according to reporters outside of the Ministry. A representative for the transpo...

Locked content Moody’s predicts higher GDP growth, inflation for 2017

The international credit rating agency Moody’s may not have upgraded its rating for Poland this week, as many had hoped, but it did release some relatively optimistic predictions for the country’s economy for 2017. According to a report released to the press on Wednesday, Moody’s maintained its fore...

Locked content IMF expects Poland’s GDP to grow at 3.3% in 2017

The International Monetary Fund has stated that it believes Poland’s GDP will grow at an average of 3.3 percent this coming year, according to a report the organization released earlier this week. According to many, this would be viewed as an improvement on the 2.5 percent growth experienced in 2016...
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Morawiecki speaks about mortgage loan refinancing plans

Poland’s Minister of Finance and Development Mateusz Morawiecki, said on Saturday that he had hope that private banks would agree with the Financial Stability Committee’s (the KSF) recommendation. On Friday, KSF representatives had met with the Deputy Minister of Finance, Leszek Skiba, to discuss th...

Locked content Five perish in fire near Poznań

A fire in a multi-family home in the village of Ryczywół, just north of Poznań, killed a mother and four of her adult sons early Saturday morning, while another person escaped injury by jumping out of a window. Fire brigade Captain Dariusz Szrama told TVN 24 television news that the fire had started...
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Latest credit ratings for Poland stable – Fitch, Moody’s

Credit rating agency Fitch announced in a press release on Friday that it had maintained the same rating for Poland – that of “A negative” or A– , which is believed to be an indication that the agency views the country’s banking system as healthy and its macroeconomic situation as stable – for now. ...

Locked content PK Orlen makes new management announcement

The supervisory board of Orlen Upstream, a subsidiary of PKN Orlen, has appointed to Janusz Radomski to its board, the company said in a press statement on Friday. Janusz Radomski has almost 10 years of management experience in the energy and gas sector, and prior to that he worked in state administ...

Locked content UniCredit announces re-issuing of shares for mid-January

The WSE has suspended trading of shares in UniCredit, according to a press release by the latter on Friday. The investment and corporate bank, which also issues leases, requested that the Stock Exchange issue the suspension, as it said it planned to merge stock. UniCredit earlier said that the WSE b...