PMI grows to 54.2 points in June

The Purchasing Managers Index for Poland in June has increased to 54.2 points, from 53.3 points in January. The market consensus was 53.1 points. This is the best result since the beginning of the year.

Unemployment in Poland at 3.8% in May – Eurostat

The seasonally adjusted unemployment rate in Poland stood at 3.8 percent in May, the same as the month before, the EU statistical office Eurostat said. This is a drop from May 2017, when it stood at 5.2 percent. The pan-European statistics agency, which uses roughly the same criteria as Poland’s Cen...

Brussels launches new case against Poland over Supreme Court reform

The European Commission launched a new case against Poland over changes to the Supreme Court which it claims undermines judicial independence in the country. The new law, which comes into force on Tuesday, lowers the retirement age for Supreme Court judges from 70 to 65, which affects one-third of t...

Energa to reverse PLN 116.6 mln asset impairments

WSE-listed power utility Energa will boost its 2018 net result by PLN 94.5 million, thanks to reversing PLN 116.6 million impairments on its wind farm assets, following regulatory changes, the company said in a market filing.

Locked content Economic sentiment down in June

The forward-looking economic sentiment indicator dropped by 0.4 points m/m in June, the Bureau for Investments and Economic Cycles (BIEC) informed. It is currently 3.8 points below its last local peak recorded in January 2017. “The majority of negative signals come from the Warsaw Stock Exchange, wh...

Locked content WIG 20 shows “loose” signs of bear market

Thursday’s session on the Warsaw Stock Exchange brought strong declines in WIG, WIG 20 and mWIG 40. After 14 consecutive sessions in a row, sWIG 80 ended with a slight increase. In the broad market, among others, Mabion and PlayWay showed growth. WIG 20 lost 2.1 percent at Thursday closing and...