Locked content Unemployment may decline further

Poland’s registered unemployment rate did not rise in October and it may have declined, Labor Minister Władysław Kosiniak-Kamysz was quoted as saying by the Polish Press Agency (PAP). “We hope that the good PMI result will translate into a positive trend,” Kosiniak-Kamysz said. Deputy Labor Minister...

Locked content GDP growth no lower than 3% this year – Hausner

The Polish economy is on a solid growth path and it seems justified to expect GDP growth no lower than 3 percent in 2014, Monetary Policy Council member Jerzy Hausner wrote in the summary of a report prepared for the Polish Agency for Enterprise Development. “In the second half of 2013 the Polish ec...

Locked content European Commission lowers GDP growth forecast for Poland

The European Commission lowered expected GDP growth for Poland by 0.2 percentage points down to 3 percent for the year. Further, GDP growth for 2015 is expected to be 2.8 percent and 3.3 percent in 2016. Public finances should improve, but the situation in exports and in Ukraine have had a negative ...

Locked content Number of bankruptcies declines – Euler Hermes

In October this year, 81 Polish companies were declared bankrupt, compared to 85 in October 2013, according to a report issued on Monday by Euler Hermes. In January-October 2014 the number of bankruptcies was 711 compared to 798 in the corresponding period of 2013. Despite a better sentiment in the ...

PMI returns to growth side

Poland Manufacturing PMI grew to 51.2 points in October compared to 49.5 in September, according to a release from HSBC and Markit Economics. It had remained below the neutral level of 50 for four months.

Q3 GDP growth estimated at 2.8%

Poland’s Economy Ministry estimates that the country’s GDP growth in Q3 2014 stood at 2.8 percent year-on-year, according to a report quoted by ISBnews

More than 40% of Poles do not save money

More than 40 percent of respondents polled by TNS Polska said that they do not regularly save or invest any money, spending all they earn on everyday needs, the Polish Press Agency reports.

Locked content Unemployment at 8.7% – Eurostat

The seasonally adjusted unemployment rate in Poland stood at 8.7 percent in September, according to data released by the EU’s statistics office Eurostat on Friday. In August the rate was 8.8 percent. At the same time, youth unemployment in Poland declined from 22.9 percent in August to 22.6 percent ...

Locked content Budget deficit at PLN 22.44 bln

Poland’s budget deficit amounted to PLN 22.44 billion after September, according to final data from the Ministry of Finance, quoted by ISBnews. It stood for 47.2 percent of the full-year plan for 2014. The ministry earlier estimated the September deficit at PLN 22.37 billion. According to the ...