Morav\wiecki: 80-83% of older workers will retire earlier

According to Deputy PM Mateusz Morawiecki, 80-83 percent of eligible workers will take an advantage of the lower retirement age coming into force on October 1. He added that according to the assumptions, this year the cost of early retirement age will amount to PLN 2.6 billion.

Pengab banking sentiment rebounds in July

The Pengab index, which measures conditions in the banking industry, increased by 2 points month-to-month to 24 points in July, according to the Monitor Bankowy report issued by TNS Polska, returning to its value from May, after a 2 point decline last month.

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...

Poland revamps its de minimis guarantee system

The Polish government will replace the de minimis guarantee system with the new National Guarantee Fund and expects it to grant PLN 9 billion in guarantees per annum, which would translate into PLN 16 billion loans from the lenders.

Eurostat: Q1 general government debt inches down

The general government debt of Poland dropped to 54 percent of GDP in Q1, down 0.4 percent q/q, and up by 2.2 percent y/y. It stood at PLN 1,013 billion, Eurostat reported. According to Poland’s Central Statistics Office (GUS) in Q1, the general government had a PLN 7.76 billion surplus.