OFE with the average 1-year return rate at 17.56%

Private pension funds OFE achieved 17.56 percent weighted average rate of return in the one-year period ending March 31, 2017, financial market regulator KNF said. The best performer was MetLife OFE with 19.51 percent return rate, followed by Pekao OFE (19.36 percent) and PKO BP Bankowy OFE (18.80 p...

GUS: unemployment falls in March

Poland’s unemployment rate stood at 8.1 percent at the end of March, the Central Statistical Office (GUS) informed, representing a 0.4 percent m/m and 1.8 y/y drop.

Pengab banking sentiment falls in April

The Pengab index, which measures conditions in the banking industry, fell by 4.4 points month-to-month to 25.9 points in April, according to the Monitor Bankowy report issued by TNS Polska.

Budget deficit at PLN 2.28 bln in Q1

The budget deficit amounted to PLN 2.28 billion at the end of March. It stood at 3.8 percent of this year’s budget deficit plan, the Ministry of Finance announced.

Moody’s upgrades Poland’s GDP forecast

The rating agency Moody’s has upgraded Poland’s 2018 GDP forecast to 3.1 percent from 2.8 percent. According to the agency stronger private consumption boosted by an improvement on the labor market and pick up in the EU-funded investments will boost Polish economy. In 2017, the value of EU funds wil...

Poland with €340 mln in EU subsidies in March

According to the Polish ministry of finance, the value of EU funds transferred to Poland in March amounted to €340.16 million. That figure includes, €284.55 million in capital transfer and €55.6 million in current transfers. As part of the Cohesion Fund, Poland received €324 million, while the Commo...

Poland with 54.4% general government gross debt – Eurostat

According to data released by Eurostat, in 2016, Poland had general government gross debt at 54.4 percent of its GDP, way below the EU average which stood at 83.5 percent. Estonia had the least general government debt, with only 9.5 percent of the GDP, while Greece was at the other end of the spectr...

S&P affirms Poland’s rating

Rating agency Standard & Poor’s affirmed Poland’s BBB+/A-2 with a stable outlook. According to S&P Poland has a positive outlook when it comes to its flexible exchange rate regime and NBP’s independent and credible monetary policy, which offsets the risks arising from gover...

Morawiecki: Q1 GDP slightly below 4%

According to Deputy PM, Mateusz Morawiecki, Polish GDP for Q1 should easily exceed projected 3.5 percent and be slightly below 4 percent threshold. “I think we’re moving in the right direction, all economic indicators are better than we’ve expected,” Morawiecki said in an interview with ...