HICP inflation at 1.6% in October – Eurostat

The harmonized index of consumer prices for Poland stood at 1.6 percent year-on-year in October, the same as in September, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices increased by 0.4 percent.

Small rate hike possible in early 2018 – RPP Member

Łukasz Hardt, member of the Poland’s Monetary Policy Council RPP said that a small interest rates hike might be possible early next year if inflation continues to be nearing its 2.5 percent target. “The fact that at the conference after the November RPP meeting I said that it is too early to increas...

ZUS: 70% new pension application filed so far

As many as 283k pension applications have been filed so far to the Social Security fund (ZUS), representing 70 percent of all people entitled to retire earlier, after Poland lowered its retirement age. As many as 410k people have the right to do so until the end of this year.
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GDP growth at 4.7% in Q3 – flash estimate

Poland’s gross domestic product grew by 4.7 percent year-on-year in the third quarter of 2017, according to a flash estimate published by the Central Statistical Office (GUS). The quarter-to-quarter growth was at 1.1 percent. GUS also revised the Q2 growth to 4 percent from the previous 3.9 percent....

Base inflation at 0.8% in October – NBP

Poland’s base inflation (excluding food and energy prices) amounted to 0.8 percent in October y/y. In m/m terms it dropped by 0.2 percentage points, according to data released by Poland’s Central Bank NBP.

EU subsidies reach PLN 143.2 bln

The value of EU subsidy applications submitted by November 12 amounted to PLN 263.9 billion, according to data released by the Ministry of Development. Till that day, 25,681 contracts for the EU co-financed projects amounted to PLN 143.2 billion in EU subsidies.