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EC to support dairy producers

In order to support the European dairy sector, European Commission plans to subsidize the private storage of butter, skimmed milk powder (SMK) and selected types of cheese, an EC press release said on Thursday. The subsidy value is said to be €10-20 million.
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FinMin: GDP growth at 3.4% in 2015

Poland’s Ministry of Finance will suggest a 3.4 percent GDP growth forecast for the 2015 budget framework, Finance Minister Mateusz Szczurek was quoted as saying by the Polish Press Agency.

BIEC economic climate indicator stable

The forward-looking economic climate indicator calculated by the Bureau for Investments and Economic Cycles (BIEC) remained unchanged month-on-month in August, according to data quoted by the Polish Press Agency.

Locked content Retail sales up by 2.1% in July

The volume of retail trade in Poland grew by 2.1 percent year-on-year in July, according to data released by the Central Statistical Office (GUS) on Tuesday. In month-on-month terms retail trade grew by 4.7 percent. In real terms (constant prices) retail sales grew by 3.1 percent y/y, GUS also said....
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Unemployment confirmed at 11.9%

Poland’s registered unemployment rate dropped to 11.9 percent at the end of July compared to 12 percent in June, according to data published by the Central Statistical Office (GUS) on Tuesday.

Locked content GDP seen growing at 3.3% in 2014

Poland’s gross domestic product is expected to grow by 3.3 percent in 2014, according to the latest forecast by the Ministry of the Economy. “We expect the economic growth rate in 2014 to accelerate in comparison with 2013 and reach 3.3 percent,” the ministry wrote. “Domestic demand will take over t...

Locked content Registered unemployment 11.8% in July – analysts

Analysts surveyed by ISBnews agency expect the registered unemployment in Poland for July to be 11.8 percent. It would then be 0.2 percentage points lower than in June. In the beginning of July the Polish Ministry of Labor and Social Policy ascertained the unemployment rate to be 11.9 percent. On th...
Finance Minister Mateusz Szczurek
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Poland still needs to prepare before euro adoption – FinMin

Poland needs to work on improving its competitiveness before joining the euro zone to make sure it benefits from the adoption of the common currency, Finance Minister Mateusz Szczurek told web portal wnp.pl. When asked if Poland should enter the euro zone, Szczurek said that it should, “but only whe...