Wages growth in Poland highest since 2008

Real wages rose by 3.5 percent in 2014, according to the estimates by Polish daily Rzeczpospolita based on the data provided by the Central Statistical Office of Poland (GUS) and the National Bank of Poland (NBP). It is the largest increase since 2008, when real wages grew by 5.9 percent.

EBRD adopts new strategy for Poland

The European Bank for Reconstruction and Development has approved its new strategy for Poland. The institution will focus on three priority areas: promoting low carbon economy, enhancing the private sector role in the economy and assisting in the development of a sustainable financial sector and cap...

Polish exports grew by 1.5% in November – KUKE

Polish exports grew by 1.5 percent year-on-year and reached €13.447 billion in November, according to Export Credit Insurance Corporation (KUKE). The corporation estimates that in the year 2014 export increased by 5.8 percent y/y and amounted to €157.4 billion. In 2015, export is expected to grow fu...

Bank of America upgrades Polish stocks

Bank Of America Merril Lynch upgraded recommendation to neutral from underweight for Polish stocks with regard to expected European QE program and relatively low price of stocks compared to the cost of debt, the BofA Merril Lynch report stated.

FinMin: Poland not ready to adopt Euro

Mateusz Szczurek, Poland’s Finance Minister, assumes that Poland is still not ready to adopt Euro. “The balance of costs and benefits is different for a small country like Lithuania, which has a pegged exchange rate for more than a decade, than it is for Poland, a country with a large domestic marke...

Bratkowski: MPC should cut rates by 100 bp

According to Andrzej Bratkowski, one of the members of Monetary Policy Council (RPP) said in an interview with the Polish Press Agency that the risk of strengthening of złoty in following months increases the need to reduce interest rates by 100 basis points.

Retail sales records decline in November

The volume of retail sales in Poland inched down by 0.2 percent year-on-year in November, according to the monthly statistical bulletin issued by the Central Statistical Office (GUS) on Tuesday. In month-on-month terms retail trade declined by 8.1 percent.