Locked content Poland sells bonds worth almost PLN 6 bln

At an auction held on Wednesday, the Polish Ministry of Finance sold two series of bonds for a total sum of PLN 5.999 billion, according to a statement quoted by ISBnews. Total demand amounted to PLN 20 billion. The ministry sold bonds from the WZ0119 series, which mature in January 2019, for PLN 1....

Locked content Depression a huge cost to the economy

The Polish Social Insurance Office (ZUS) has calculated the cost of depression to the nation’s economy. Due to absences, illness benefits and rehabilitation a sum of PLN 760 million is being paid out annually. The National Health Fund (NFZ) spends less on depression, PLN 160 million. Dziennik ...

Locked content NBP to safeguard against volatile times

An amendment to the National Bank of Poland act will prepare the nation’s financial system for extreme situations, exclaimed NBP president Marek Belka. At the same time explaining that he does not expect volatile situations to occur during his tenure as president of the NBP, reported PAP. R...
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Unemployment rate at 12%

The registered unemployment rate in Poland stood at 12 percent in June, according to data published by the Central Statistical Office (GUS) on Wednesday. Poland’s Labor Ministry expected the figure to be 12.1 percent.

Locked content Government debt at 49.5% of GDP

Poland’s general government debt amounted to PLN 818,975 million in the first quarter of 2014, according to data published by the EU’s statistical office Eurostat on Tuesday. The debt stood at 49.5 percent of the country’s GDP. In Q4 2013, the debt stood at PLN 934,606 million or 57.1 percent of the...

Locked content Banking indicator inches up in July

The Pengab indicator, which measures the conditions in the banking industry, grew by 0.1 points month-on-month to 26.5 points in July, according to data quoted by ISBnews. In an identical period last year, the indicator registered 11.3 points. The assumptions component of the Pengab index also inche...

Locked content Bankers expect inflation at 2.46%

Bankers surveyed by pollster TNS Polska expect inflation between December 2013 and December 2014 to be 2.46 percent year-on-year, according to data quoted by ISBnews. A year ago the expectations were at 2.29 percent. CPI inflation amounted to 0.3 percent y/y in June compared to 0.2 percent y/y in Ma...

Locked content Treasury debt at PLN 740.37 bln

The total debt of Poland’s State Treasury amounted to PLN 740.37 billion at the end of May 2014, according to data from the Ministry of Finance quoted by ISBnews. It grew by 0.4 percent month-on-month and by 11.2 percent compared with the end of 2013. The growth mostly resulted from the financing of...

Locked content NBP: Situation improves in enterprise sector

The economic situation of Polish businesses is improving, according to a report issued by the National Bank of Poland on Monday. Forecasts from Q3 2014 are slightly more optimistic than those for Q2. More than 75 percent of the surveyed companies said that their situation is very good, which is 2 pe...