Locked content Gov’t approves 2015 budget draft with PLN 46.08 bln deficit

The Polish government approved a draft budget law for 2015 on Wednesday. The draft stipulates for a deficit of PLN 46.08 billion. Budget revenues are expected to come in at PLN 77.48 billion in 2015. Budget expenditures are seen at PLN 81.28 billion. The government also expects a PLN 3.44 billion ne...

Locked content Retail trade down by 1.1% in July – Eurostat

The volume of retail trade in Poland declined by 1.1 percent year-on-year in July, according to data published by the EU’s statistics office Eurostat on Wednesday. In month-on-month terms retail trade inched down by 0.3 percent. Throughout the EU retail trade grew by 1 percent y/y and dropped by 0.4...
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Locked content NBP investing its gold reserves again

The National Bank of Poland has resumed placing gold deposits on the interbank market, the Ministry of Finance said in response to an MP’s query. It has earlier kept all of its gold reserves at the Bank of England. “An improvement of the global financial sector’s situation and a change of market con...

Locked content PPI down by 1.4% in Poland – Eurostat

Industrial producer prices declined by 1.4 percent year-on-year in Poland in July, according to data published by the EU’s statistics office Eurostat on Tuesday. In month-on-month terms, PPI was stable. Throughout the EU, industrial producer prices declined by 1.3 percent y/y and by 0.2 percent m/m....

Locked content Euler Hermes: 62 companies bankrupt in August

Allianz Group member Euler Hermes said on Tuesday that in August 2014 62 companies went bankrupt, in comparison to 66 in August 2013. The data was provided by the Court and Commercial Gazette (Monitor Sądowy i Gospodarczy), an official Polish publication. The companies’ last known turnover amounted ...

Locked content BIEC: Labor market not improving yet

The forward-looking labor market indicator, calculated by the Bureau for Investments and Economic Cycles (BIEC) remained unchanged in month-on-month terms in August, according to a report from the institution quoted by the Polish Press Agency. Seasonal factors were dominant in the recent improvement...

Locked content Budget deficit at PLN 26.4 bln

Poland’s budget deficit amounted to PLN 26.4 billion after July, according to data from the Ministry of Finance quoted by the Polish Press Agency. The ministry had earlier estimated the July deficit at PLN 26.35 billion. Budget expenditures stood at PLN 188.94 billion, close to the ministry’s earlie...
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PMI inches down again

Poland’s Manufacturing PMI remains below the neutral level of 50, signaling a deterioration of conditions in the manufacturing sector, according to a news release from HSBC and Markit Economics. In August, the index inched down to 49 points from 49.1 in July.