Locked content Pengab banking sentiment grows in June

The Pengab index, which measures conditions in the banking industry, increased by 5.5  points month-to-month to 30.7 points in June, according to the Monitor Bankowy report issued by Kantar TNS.  Last year, the indicator stood at 22 points. The current indicator grew by 8.7 points m/m to 29.1 points...

Unemployment drops in May

Poland’s unemployment rate stood at 6.1 percent at the end of May, the Central Statistical Office (GUS) informed, representing a 0.2 percentage points m/m drop

Locked content Major risks for Polish economy come from outside

Polish economy has strong foundations. The biggest potential threats to growth come from outside, said Felix Winnekens, an analyst at S&P Global Ratings. “Over the past few years, the Polish economy has been growing at an exceptionally fast pace. Although there is a growth in the entire re...

Locked content Kruk: 41% of Poles spend more than planned on holidays

Over 40 percent of Poles spend more than planned during holidays, Kruk research stated. On average expenses for one person amount to PLN 1,677. Those aged 45-55 spend more: about PLN 2,000. The medium length of holidays is 8 to 13 days. More than one-third of Poles (36 percent) will spend holidays i...

Locked content Analysts still see slight decline in fuel prices

There is a chance for a further slight decline in fuel prices this week. The size of decline will depend on decisions taken during the Vienna meeting of OPEC countries and 10 oil producers from outside the cartel, the analysts said. Currently, Iran does not want to support the decision to increase o...

Employment and wages grow in May – GUS

According to data released by the Polish Central Statistical Office (GUS), the average employment in companies in May grew by 3.7 percent year-on-year, while the wages grew by 7 percent y/y. In month-to-month terms, employment remained unchanged, while salaries increased by 3 percent. The average sa...

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...