Locked content 1.3 mln farmers applied for direct payments in 2018

In 2018 almost 1.3 million farmers applied for direct payments. 866,000 of those applications were delivered to the Agency for Restructuring and Modernization of Agriculture electronically. In 2017 there were only 11,000 online applications. Most applications were submitted in Mazowieckie, Lubelskie...

Locked content Fuel prices decline will slow down – BM Reflex

This week fuel prices on the wholesale market will remain stable due to the weakening of Polish złoty. That means there will be less and less space for price discounts by distributors, BM Reflex analysts said. Average fuel prices in Poland dropped by PLN 0.03 to 0.05 per liter last week. After the d...

Locked content Negative demographic trends threaten Polish economy – MF

Negative demographic trends are a threat to the dynamic development of Polish economy and lasting convergence with the Economic and Monetary Union – believes the Ministry of Finance (MF). According to MF, the fertility rate, which was 1.39 in 2016, does not ensure simple replacement of generat...

Locked content GUS: Inflation expected below 1.5% at end of 2018

Consumer inflation in May was at 1.7 percent y/y, in line with the expectations of Polish Central Statistical Office (GUS). In the following months, it may be even higher, exceeding 2 percent y/y.  But at the end of the year it may be below 1.5 percent y/y, analysts said. The main reasons for inflat...

Fitch: economic growth to taper off in 2020

Ratings agency Fitch expects Poland’s economic growth to slow down to 2.9 percent in 2020, from 3.4 percent in 2019 and 4.4 percent in 2018, the agency stated. The agency raised its projections for inflation in 2018-2019 to 2.5 percent at the end of this year (from a previous forecast of 2.3 percent...

Locked content More shopping via smartphone – PwC

Although traditional shops remain the most popular means of selling in Poland, there is a continuous increase in the number of people doing shopping with a smartphone, consulting firm PwC reported on Wednesday. 17 percent of Poles shop via smartphone at least once a week, and 7 percent – every...

Locked content Over half medium-sized co’s have bank loan

More than a half (52 percent) of medium-sized companies and 42 percent of micro and small enterprises currently use bank loans, according to a study carried out in Q2 this year by CBM Indicator in cooperation with the Warsaw Institute of Banking (WIB) and the Polish Bank Association (ZBP). At the en...

Locked content Ministry of Finance plans simplifying tax rules

The Ministry of Finance is working on simplifications in tax regulations.  The key objectives are less bureaucracy in taxes, lower taxes for business and investments as well as better safety for taxpayers, the Ministry said. In the area of “lower taxes for business and investments,” it p...

Net employment forecast in Poland at +13% for Q3 2018

The net employment forecast for Poland in the third quarter of 2018 is +13 percent, results from the Manpower study have shown. The best situation in the upcoming quarter can be expected by employees and entrepreneurs in the industrial production sector.