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Retail trade down by 2% y/y – Eurostat

The volume of retail trade in Poland declined by 2 percent year-on-year in May 2014, according to a data release from the EU’s statistics office Eurostat on Thursday. In month-on-month terms the volume declined by 1.1 percent.

Locked content KUKE: Exports up by 8.5% y/y in May

In May Poland exported €13.297 billion worth of goods, which is 8.5 percent more than in the corresponding month last year. Compared to April, exports calculated in euro fell by 6.4 percent, according to data by export credit insurance corporation KUKE, quoted by ISBnews. Calculated in złoty, export...

Locked content Number of bankruptcies down in June

In June 2014, 76 Polish companies were officially declared bankrupt, according to a report issued by Euler Hermes on Wednesday. A year ago the June figure was 85. Throughout the first half of 2014 the recorded number of bankruptcies was 418 compared to 483 in the corresponding period of 2013. Euler ...
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Locked content Interest rates remain unchanged

The National Bank of Poland’s Monetary Policy Council (RPP) left interest rates unchanged during its July sitting, according to an NBP statement issued on Wednesday. Such a decision was widely expected by economists. The reference rate remains at 2.50 percent, the lombard rate at 4.00 percent, the d...

Locked content Budget deficit at PLN 22.36 bln

Poland recorded a budget deficit of PLN 22.36 billion at the end of May 2014, according to data from the Ministry of Finance quoted by ISBnews. This stands for 47.1 percent of the total amount planned for this year. The ministry had earlier estimated the May budget deficit at PLN 22.47 billion or 47...

Locked content Eurostat: Unemployment at 9.6% in Poland

The seasonally adjusted unemployment rate in Poland stood at 9.6 percent in May 2014, according to data released by the EU’s statistics office Eurostat on Tuesday. A month earlier the rate was 9.7 percent. Throughout the EU the unemployment rate was 10.3 percent in May compared to 10.4 percent in Ap...
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Locked content Borrowing needs financed in 90%

After June, the Ministry of Finance has financed 90 percent of this year’s borrowing needs and has started the pre-financing of next year’s needs, Piotr Marczak, public debt department director at the ministry, was quoted as saying by ISBnews. In August, the ministry is not planning any new debt auc...

Locked content Foreign debt down in Q1

Poland’s total foreign debt stood at PLN 275.5 billion in the first quarter of 2014, according to data published by the National Bank of Poland. In Q4 2013 the amount was PLN 276.76 billion. Long-term debt stood at PLN 222.69 billion compared to PLN 221.96 billion in the previous quarter. Short-term...
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Locked content NBP sees improvement on labor market

The total number of employed persons in Poland has significantly increased in the first quarter of 2014, according to an analysis performed by the National Bank of Poland. The growth stood at 1.8 percent year-on-year and 0.7 percent quarter-on-quarter. The number of people employed on standard work ...