Category Archives: Economy

Economy description

Locked content OECD’s indicator for Poland inches down in June

August 11, 2014 Economy, Poland AM
The Composite Leading Indicator (CLI) for Poland amounted to 100.59 points in June 2014, compared to 100.66 points in May, according to data from the Organisation for Economic Co-operation and Development (OECD). In July 2013 the CLI was at 100.39. The CLI for the euro zone inched down to 100.98 poi...

Locked content Number of job offers grows rapidly – BIEC

August 11, 2014 Economy, Poland AM
The job offers barometer calculated by the Bureau for Investments and Economic Cycles (BIEC), which shows changes in the number of online job advertisements, grew by 8.7 points to 139.2 points in July, according to data quoted by the Polish Press Agency. The significant growth recorded in July was t...

Locked content S&P affirms Poland’s ratings

August 11, 2014 Economy, Poland AM
Ratings agency Standard & Poor’s has affirmed its assessment of Polish bonds, the firm said in a recent press release. The rating for Poland’s foreign currency remains at A-/A-2 for long-term and short-term bonds. In the case of zloty bonds the respective ratings are A/A-1. The outlook is stable...

Locked content Fitch affirms Poland’s rating

August 10, 2014 Economy, Poland AM
Ratings agency Fitch has affirmed Poland’s standing at A- for foreign currency bonds and A for zloty bonds, with a stable outlook, the firm said in an announcement on Friday. “A relatively robust and increasingly domestic demand driven economic recovery is underway,” the agency wrote about the...

Locked content Poles’ purchasing power up to PLN 950 billion in 2014

August 8, 2014 Economy, Poland AM
The purchasing power of Polish consumers increased to PLN 950 billion in 2014, from PLN 939 billion in 2013, according to a study by research firm GfK Polonia. “The average Pole has PLN 24,653 of disposable income in 2014, which he can spend or save” the firm said. Last year, the average consumer ha...

Locked content Złoty expected to gain over 12 months

August 8, 2014 Economy, Poland AM
Over the next 12 months, the złoty will gain 4.1 percent, more than other CEE currencies, according to a poll conducted by Reuters. It is expected to stand at 4.03 percent against the euro in August 2015. According to the National Bank of Poland, the EUR/PLN exchange rate was 4.199 on Wednesday. In ...

Locked content Dividends for state at 4 bln next year – source

August 8, 2014 Economy, Poland AM
Poland’s Ministry of Finance would like the state budget draft for 2015 to include planned dividend revenue of PLN 4 billion, according to a source quoted by the Polish Press Agency. The source said that the planned amount was in line with information provided by the Ministry of State Treasury, whic...

Locked content Currency reserves at €77.3 billion

August 7, 2014 Economy, Poland AM
As of the end of July 2014, the National Bank of Poland’s official reserve assets stood at €77.3 billion compared to €74.7 billion at the end of June, the NBP said. When calculated in US dollars, the reserve assets were $103.5 billion compared to $101.9 billion at end-June. The NBP invests foreign c...

Locked content KUKE: Bankruptcies down by 14.9% in July

August 7, 2014 Economy, Poland AM
The number of bankruptcies announced in July 2014 declined by 14.9 percent year-on-year to 80, according to data from export credit insurer KUKE quoted by ISBnews. Between June 2013 and July 2014 the number of bankruptcies was 822. A year earlier the figure was 939. Construction remains most prone t...
Image : Shutterstock

Labor Ministry: Unemployment down to 11.9%

August 6, 2014 Economy, Main News
Poland’s registered unemployment rate declined by 0.1 percentage point to 11.9 percent in July, according to an estimate issued by the Ministry of Labor and Social Policy on Wednesday. Compared to July 2013, the jobless rates declined by 1.2 points.