Sejm adopts budget for 2018

The Sejm adopted the budget for 2018. “In 2018 we will make a breakthrough on the tax side and thanks to that, the planned deficit is the lowest in 28 years. At the same time, we secured funds for the entire social policy, internal and external security,” said PM Mateusz Morawiecki.

Eurostat: Retail sales up by 7.6% in November

The volume of seasonally adjusted retail trade in Poland grew by 7.6 percent year-on-year in November, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it increased by 1.6 percent.

Unemployment at 6.6% in December – Labor ministry

The registered unemployment rate amounted to 6.6 percent in December, compared to 6.5 percent last month, and 1.6 percentage points lower y/y, based on estimates from job centers, the Ministry of Family, Labor and Social Policy announced.

NBP reserves drop in December

Poland’s Central Bank’s (NBP) reserves stood at €94.64 billion at end-December and were some €1.28 billion lower than last month, according to the NBP’s official reserve data. Reserves denominated in USD have decreased by $99 million to $113.27 billion.

Labor Ministry: 424k pension applications filed

According to the Ministry of Labor, some 424k pension application applications have been filed in September to the Social Security fund (ZUS), resulting from lowering the retirement age which came into force in October last year. “The impact of the lower retirement age was not as strong as initially...