Natasza Urbańska "Rolowanie"

Lost in translation?

Ponglish, a language mixing Polish and English, is becoming increasingly popular, not only in Poland, but also in English-speaking countries where many Poles reside (see BBC report on Ponglish here ). Language purists are often offended that a native language is being cluttered with foreign words, w...

Growth may return to pre-crisis levels – report

It is possible that Poland’s GDP growth will returne to average levels recorded before the financial crisis, economist Jerzy Hausner was quoted as saying in a report published by the Polish Agency for Enterprise Development together with the Malopolska School of Public Administration. Recent data se...

Poland sells $2 billion in bonds

Poland’s Ministry of Finance sold ten-year benchmarks bonds worth a total of $2 billion in an auction last Thursday, the ministry said in a statement last week. The bonds, denominated in US dollars, mature on Jan 22, 2024. Their yield was set at 4.099 percent. The coupon is 4.0 percent, the ministry...
Leszek Balcerowicz

How much does Poland owe and does it really matter?

The Polish government puts the country’s public debt at roughly 53 percent of GDP. But Leszek Balcerowicz, the man considered the chief architect of Poland’s economic transformation, says it is in fact several times higher than that, writes Remi Adekoya.

KUKE: Bankruptcies down 35% y/y in December

In December 2013 the number of companies that went bankrupt in Poland fell by 16.1 percent month-on-month and by 35 percent year-on-year and stood at 52, according to data from the Export Credit Insurance Corporation (KUKE). The construction sector remains most affected with a bankruptcy rate of 3.4...

OECD’s indicator for Poland inches up again

The Composite Leading Indicator (CLI) for Poland amounted to 101.08 points in November 2013, compared to a revised level of 101.07 in October, the Organisation for Economic Co-operation and Development (OECD) said. The CLI grew by 0.01 percent month-on-month and by 1.46 percent year-on-year. A conti...

Foreign trade deficit at €1.63 billion in Jan-Nov

Poland’s foreign trade deficit amounted to €1.63 billion ($2.16 billion) in January-November 2013, statistics office GUS said on Tuesday. When calculated in złoty, the deficit was PLN 6.75 billion. Exports amounted to €141.05 billion ($187.31 billion, PLN 589.51 billion), while imports stood at €142...

Money stock grows by 2.5 percent in December

The volume of money supply (M3) grew by 2.5 percent month-on-month in December and stood at PLN 977.3 billion, according to preliminary data on money stock published by the National Bank of Poland on Tuesday. The volume of cash in circulation grew by 0.6 percent m/m and stood at PLN 114.4 billion. T...