Locked content Poland to pre-finance some 25% of 2015 borrowing needs

Poland will have financed some 25 percent of its borrowing needs for 2015 by the end of 2014, Piotr Marczak from the Ministry of Finance was quoted as saying by the Polish Press Agency. The exact amount will depend on the bond exchange tender planned for December, Marczak said. No bond sales are sch...

Locked content Economic sentiment positive – GUS

The combined economic sentiment indicator calculated by the Central Statistical Office (GUS) grew in November both in month-on-month and in year-on-year terms, the institution said on Friday. The economic climate improved the most in construction and in trade. Current assumptions about the orders po...

Locked content Consumer confidence down in November – GUS

The current consumer confidence indicator calculated by the Central Statistical Office (GUS) inched down by 0.8 points to -14.9 points in November, the institution said on Friday. Compared to November 2013 the indicator grew by 7.8 points. The forward-looking consumer confidence indicator dropped by...

Locked content NBP: Reforms should precede euro zone entry

Poland should decide on joining the euro zone only after it has carried out well though-over reforms, according to a report published on Thursday by the National Bank of Poland. These reforms should lead to improving the foundations of Poland’s economy and adjusting it to structural characteristics ...

Locked content RPP rejected three rate cut motions in November

The National Bank of Poland’s Monetary Policy Council (RPP) rejected three motions for interest rate cuts during its sitting in early November, according to the minutes of the meeting published on Thursday. Members of the council suggested reducing the NBP’s rates by 100 basis points, then 50 basis ...

Locked content Jobless rate should not grow in November – minister

Poland’s registered unemployment rate should not increase in November, Labor Minister Władysław Kosiniak-Kamysz was quoted as saying by the Polish Press Agency. In December, the figure is likely to rise to 12 percent, the minister added. The government earlier expected it to be 13 percent at the end...

Locked content Prosperity index stable – BIEC

The prosperity index calculated by the Bureau for Investments and Economic Cycles (BIEC) inched up by 0.3 points month-on-month in November, according to data quoted by the Polish Press Agency. “Over the past six months the changes of the indicator have only been slight,” BIEC said, “which means tha...

Locked content ZEW expectations for Poland up again in November

The economic expectations index for Poland, calculated by the ZEW Center for European Economic Research in Mannheim and Erste Bank, grew by 7.8 points month-on-month to 21.1 points in November, according to data quoted by ISBnews. The assessment of the current economic situation fell by 8.6 points t...

Locked content Szczurek calls on RPP to follow its goals

The Monetary Policy Council (RPP) should carry out its statutory goals, Finance Minister Mateusz Szczurek was quoted as saying by the Polish Press Agency. “The RPP has two goals. One is the stability of prices. The other is supporting the economic policies of the government, if it does not interfere...