Gov’t adopts 2015 budget draft
Poland’s government approved the draft budget law for 2015 at an extraordinary sitting on Wednesday, the Polish Press Agency reported.
Category Archives: Economy
Retail trade up by 1.7% in August
The volume of retail sales in Poland grew by 1.7 percent year-on-year in August, the Central Statistical Office (GUS) said on Tuesday. In month-on-month terms it declined by 1.1 percent. In real terms (constant prices) retail sales grew by 2.8 percent y/y, GUS also said. Economists surveyed by the P...
Unemployment rate at 11.7%
Poland’s registered unemployment rate stood at 11.7 percent in August, according to data released by the Central Statistical Office (GUS) on Tuesday. The figure is in line with an estimate announced by the Ministry of Labor and Social Polish earlier this month. GUS also revised the July unemployment...
Treasury debt at PLN 751.33 bln
As of the end of July 2014, Poland’s treasury debt amounted to PLN 751.33, according to data from the Ministry of Finace, quoted by ISBnews. It grew by 0.1 percent month-on-month and fell by 10.3 percent compared with the end of 2013. Domestic debt amounted to PLN 488.94 billion at the end of July a...
Rate-setters in favor of cuts – minutes
Most of the members of the Monetary Policy Council (RPP) were in favor of rate cuts in the near future, according to the minutes of the meeting, published by the National Bank of Poland on Thursday.
Exchange t-bond auction worth PLN 3.5 held
Poland’s Ministry of Finance sold treasury bonds worth PLN 3.5 billion at an exchange auction on Thursday, according to data quoted by ISBnews. The ministry sold bonds maturing in July 2019 for PLN 1.16 billion and another series of securities, maturing in January 2019, for PLN 3.5 billion. In excha...
ZEW expectations for Poland down in September
The economic expectations index for Poland, calculated by the ZEW Center for European Economic Research in Mannheim and Erste Bank, dropped by 33.3 points month-on-month to -6.4 points in September, according to data quoted by ISBnews. The assessment of the current economic situation declined by 10....
EBRD raises Poland’s GDP growth forecast
The European Bank for Reconstruction and Development has raised its 2014 GDP growth forecast for Poland from 2.8 percent to 3.0 percent.
Chojna-Duch opts for sharp rate cut in October
The Monetary Policy Council (RPP) should cut rates by 50 basis points at its October sitting, RPP member Elżbieta Chojna-Duch said in an interview for TVN 24 BiŚ. “This is not even the last moment, its a delay,” she said. “I think that interest rates should have been cut earlier.” In her opinion, P...
Industrial output declines in August
Poland’s industrial output declined by 1.9 percent year-on-year in August, the Central Statistical Office (GUS) said in a data release on Wednesday. In month-on-month terms output fell by 8.5 percent.
