Locked content Number of bankruptcies down in May

In May, 75 Polish companies went bankrupt, four less than in May last year, according to Euler Hermes, a credit insurance company. According to the report, the number of bankrupt companies was almost the same as last year, however, the scale of their operation was much smaller. The closed companies ...

Locked content Unemployment at 7.7% in April

The seasonally adjusted unemployment rate in Poland stood at 7.9 percent in April, according to data released by the EU’s statistics office Eurostat. In March 2015, the rate was at the same level, while in April 2014 it stood at 9.6 percent. The number of unemployed amounted to 1.363 million, versus...

Locked content KUKE: Exports up by 8.7% in April

Polish exports increased by 8.7 percent year-on-year and totaled €14.49 billion in April, according to the Export Credit Insurance Corporation (KUKE). It has lowered export growth forecasts for this year to 12.8 percent from 13.4 percent. Exports declined by 5.4 percent on a monthly basis, KUKE also...

GUS: GDP stood at 3.6% in Q1 – final result

The seasonally unadjusted real GDP growth rate stood at 3.6 percent in the first quarter, compared with 3.3 percent in the same period of the previous year, the Central Statistical Office (GUS) announced on Friday.

Locked content Exports from Poland will double before 2030

Polish exports will grow by 5-6 percent per annum in the coming years and its value may reach $500 billion until 2030, according to estimates by analytical institute Oxford Economics for HSBC bank. Poland will experience greater diversification of export destinations and its commodity structure will...

Locked content Real income per person up by 3.2% in 2014

In 2014, the financial situation of Polish households has improved, according to data published by the Central Statistical Office (GUS). The average monthly real income grew by 3.2 percent y/y and stood at PLN 1,340 per person. The average expenses increased by 1.6 percent y/y and stood at PLN 1,079...

Unemployment fell in April – the best April in 6 years

Poland’s unemployment rate stood at 11.2 percent at the end of April (lower than expected) compared with 11.7 percent a month before, the Central Statistical Office (GUS) informed. In April 2014, the unemployment amounted to  13 percent. Overall, this April’s rate is the lowest among oth...

Locked content Poultry exports up by 40% in Q1

Poland’s poultry exports outside the EU grew by 40 percent in Q1 year-on-year and stood at 41,000 tons, according to the Foundation of Assistance Programmes for Agriculture (FAMMU/FAPA). In total, EU member countries exported 322,220 tons of poultry, an increase of 3.4 percent y/y. Poland̵...