Base inflation at 0.6% in June – NBP

Poland’s base inflation (excluding food and energy prices) amounted to 0.6 percent in June, compared with 0.5 percent the month before, according to data released by Poland’s Central Bank NBP.

Locked content Senate supports bill for health expenses increase

The Senate adopted the bill for the growth of public health expenses to at least 6 percent of GDP without amendments.  54 Senators voted in favor of the bill, 5 were against and 21 abstained. The change should be effective from 2024. In 2018 public health expenses must be at least 4.78 percent GDP, ...

Locked content TFI assets fall by 1.3% in June

The assets of Polish investment funds (TFIs) fell by 1.3 percent month-on-month to PLN 280.2 billion in June, according to Analizy Online and IZFiA. The value of accumulated capital decreased both in the segment of retail solutions (PLN -1.5 billion) and the dedicated (PLN -2.3 billion). The decreas...

Locked content EC lifts Poland’s 2018 GDP growth forecast to 4.6%

The European Commission increased Poland’s 2018 GDP growth forecast to 4.6 percent from its previous estimate of 4.3 percent issued in May. The forecast for 2019 still remains at 3.7 percent. EC economists say inflation in 2018 should come in at 1.3 percent (unchanged). In 2019 inflation is expected...

Locked content EC lowers eurozone’s GDP forecast

The European Commission revised GDP growth forecast for the euro area citing tensions in the trade with the United States and rising oil prices as main reasons. The forecast was lowered to 2.1 percent from 2.3 percent projected in May.  The outlook for 2019, however, did not change: the growth of 2 ...

Locked content Decline in grain harvest due to drought

Grain harvest may fall to 27.5 million tons from 31.9 million tons in 2017 due to drought, analysts from the Institute of Agricultural and Food Economics forecast. In June the Institute experts assessed that in 2018 grain harvest could amount to 30.5 million tons. In 2017 Polish domestic grain harve...

Locked content RPP keeps interest rates unchanged

The Monetary Policy Council (RPP) decided to keep interest rates unchanged. The NBP’s reference rate still stands at 1.5 percent, the lombard rate at 2.50 percent, the deposit rate at 0.50 percent and the rediscount rate at 1.75 percent. This decision is in line with analysts’ expectations. In...

Locked content Employers in Poland face recruitment problems

Employers in northern Poland have most difficulties in finding suitable employees. About 59 percent of employers there face problems in recruitment, ManpowerGroup reported. In Eastern Poland, the number amounts to 46 percent. Companies from central and northern Poland have difficulties in recruiting...