The Ministry of Finance sold PLN 3 billion worth of bonds on auction on Thursday. The five series will mature in 2019, 2022 (two issues), 2026 and 2027. Investor interest was at PLN 6.86 billion.
The Polish government should tighten fiscal policy as soon as possible to take advantage of a strong cyclical upswing in the economy, the International Monetary Fund (IMF) said.
The harmonized index of consumer prices for Poland stood unchanged at 1.8 percent year-on-year in April, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices increased by 0.3 percent.
The number of bankruptcies in April totaled 43, a decrease of 20.4 percent y/y, according to data from the Export Credit Insurance Corporation (KUKE). In month-to-month term the figure fell by 2.3 percent.
Poland’s gross domestic product grew by 4 percent year-on-year in the first quarter of 2017, according to a flash estimate published by the Central Statistical Office (GUS). The quarter-to-quarter growth was at 1 percent.
Poland’s finance ministry exchanged foreign currencies worth €2.2 billion on financial markets in 2016, less than the €6.4 billion exchanged in 2015, the ministry said in a statement.
Without the EU membership, V4 countries sovereign ratings would risk a drastic decline, Fitch ratings agency said in its report. “A deterioration in the relationship between the V4 and the EU could lead to negative pressures on the ratings in the medium to long term, depending primarily on its impac...
In the first quarter of 2017, Poland increased its exports by 8.9 percent, while imports grew by 12 percent y/y, according to the Central Statistical Office (GUS). Exports amounted to PLN 212.15 billion, while imports totaled PLN 210.57 billion. Trade surplus amounted to PLN 1.58 billion.
Average fuel prices decreased by PLN 0.06, while diesel prices fell by PLN 0.06 last week, according to BM Reflex, a fuel branch consultancy company, LPG prices declined by PLN 0.03.
Poland’s inflation rate stood at 2 percent in April year-on-year, the Central Statistical Office (GUS) confirming the previously released flash estimate.