Locked content Two bond auctions a month planned for 2015

Poland’s Ministry of Finance plans two treasury bond sale auctions every month in 2015, except for August and December, according to a statement published on Monday. The auction will take place on Thursdays. Auctions of treasury notes will be organized depending on current needs, the ministry added....

Locked content Exports up by 4.7% in October – KUKE

Exports of goods from Poland increased in October by 4.7 percent year-on-year reaching €14.940 billion, according to the Export Credit Insurance Corporation (KUKE). In month-on-month terms exports grew by 4.8 percent. Exports growth in October is a typical result, the KUKE said. It is then that purc...

Locked content Budget deficit at PLN 27.23 bln

Poland’s state budget deficit amounted to PLN 27.23 billion at the end of October, according to final data from the Ministry of Finance, quoted by ISBnews. It stood at 57.3 percent of the full-year plan. The ministry earlier expected the October deficit at PLN 27.25 billion. Budget revenues stood at...

Locked content Q3 GDP growth at 3.3%, domestic demand up by 4.9%

Poland’s economy grew by 3.3 percent year-on-year in the third quarter of 2014, according to revised estimates published by statistics office GUS. The data is consistent with the flash estimate published in mid-November. In Q2 GDP growth stood at 3.5 percent. The main driver behind the economic grow...

Locked content Unemployment down again in October

Poland’s unemployment dropped to 8.3 percent in October, from 8.5 percent in September, according to data published by Eurostat. The jobless rate in the EU stood at 10 percent. Last year, the rate was significantly higher in October, at 10.1 percent. There were 1.45 million unemployed people in Pola...

Locked content EC: Poland’s conomic sentiment remains unchanged

Poland’s Economic Sentiment Indicator published by the European Commission remained unchanged month-on-month in November at 99.3 points, which puts it below the long-term (1999-2012) average. The ESI in the euro area increased by 0.1 points to 100.8. The indicator for the industry sector increased b...

Locked content Salaries to grow in 2015 – Work Service

Wages in Poland may grow by 1-3 percent in 2015, according to a report prepared by employment services firm Work Service, quoted by the Polish Press Agency. “In 2015 we expect trends trends to reverse on the labor market,” the report said. “The employer’s market is losing to the employee’s market.” ...

Locked content Bankers expect inflation at 2.21%

Bankers surveyed by pollster TNS Polska expect inflation between December 2013 and December 2014 to be 2.21 percent year-on-year, according to data quoted by ISBnews. A month ago the expectations were at 1.99 percent. CPI deflation amounted to 0.6 percent y/y in October compared to 0.3 percent in Se...

Locked content Unemployment down again, sales up

Unemployment rate dropped to 11.3 percent in October, according to statistics office GUS, 0.2 percentage point lower than in September. The data is consistent with earlier forecasts by Labor Ministry. In October 2013, unemployment stood at 13 percent. Analysts say that the job market is doing better...