Locked content Unemployment at 11.5% in September – GUS

The registered unemployment rate in Poland stood at 11.5 percent in September, according to data published on Thursday by the Central Statistical Office (GUS). The figure is in line with an estimate released in early October by the Ministry of Labor and Social Policy. Analysts surveyed by ISBnews ha...

Redistribution legislation amended

The Sejm has amended the financial redistribution law that forced richer voivodships to pay into a pool of money for redistribution to poorer voivodships.

Locked content Treasury debt inches up in August

State Treasury debt inched up by 0.6 percent m/m to PLN 755.71 billion at the end of August, according to data from the Ministry of Finance quoted by ISBnews. The share of foreign debt in total liabilities grew by 0.3 percentage points to 35.3 percent. It amounted to PLN 266.4 billion, while domesti...

Locked content Budget deficit forecast exceeds expectations

Positive forecasts show that the Polish budget deficit will be smaller than originally thought, reported Dziennik Gazeta Prawna. The goal is to have a budget deficit of 3.3 percent of the GDP at the end of the current year. Next year, the deficit should be as low as 2.5 percent. The entire deficit w...

Locked content Excessive deficit procedure likely to be lifted in 2016

Poland’s Ministry of Finance believes that the European Commission may close the excessive deficit procedure for Poland in 2016, based on data on deficit in 2015, the ministry’s chief economist Ludwik Kotecki was quoted as saying by the Polish Press Agency. In November 2013, the EC said that Poland ...

Locked content Prosperity index inches down again

The prosperity index calculated by the Bureau for Investments and Economic Cycles (BIEC) inched down by 0.2 points month-on-month in October, the Polish Press Agency reports. There have been only small changes in the indicator since its maximum in May, BIEC said. Employment and real wages have been ...

Locked content Core inflation at 0.7% in September

Core inflation, excluding food and energy prices, amounted to 0.7 percent year-on-year in September, compared to 0.5 percent in August, the National Bank of Poland said on Thursday. Inflation excluding state-controlled prices amounted to -0.5 percent y/y and remained unchanged month-on-month. Inflat...
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Salaries up by 3.4% in September

The average monthly salary in the Polish enterprise sector amounted to PLN  3,900.49 in September 2014, according to data published by the Central Statistical Office (GUS) on Thursday.

Locked content ZEW expectations for Poland up in October

The economic expectations index for Poland, calculated by the ZEW Center for European Economic Research in Mannheim and Erste Bank, grew by 19.7 points month-on-month to 13.3 points in October, according to data quoted by ISBnews. The assessment of the current economic situation rose by 10.0 points ...