Locked content GDP to grow 4.5% in 2018 – S&P

Ratings agency S&P Global Ratings increased its forecast for Poland’s GDP growth for 2018 to 4.5 percent, up from 3.8 percent in its January forecast. S&P also decreased the expected public debt level to 49.5 percent of GDP from 51.8 percent and maintained the budget deficit forecast at 2 pe...

Locked content 44% of companies to increase prices

As many as 44 percent of companies are planning on increasing prices for their products over the next 12 months, according to a study conducted by Grant Thornton. “This is bad news for the Polish inflation,” the report stated. Higher GDP growth, increasing employment and salaries across most industr...

Locked content Exports up by 8.6% y/y in February – KIG

Poland’s exports reached €16.691 billion in February, increasing by 8.6 percent y/y and fell by 1.0 percent in month-on-month terms, according to chief economist of the National Chamber of Commerce (KIG) Piotr Soroczyński. He also stated that the March figure could be significantly higher than that ...

Locked content KGHM pays PLN 153 mln in mining tax in February

Mining giant KGHM paid PLN 153.081 million in mining tax in February, according to the Finance Ministry. Revenue from mining taxes stood at PLN 281.506 million a the end of February and accounted for 21.8 percent of the plan, the ministry added in an operational report on how its budget plan is bein...

BGK grants PLN 46.18 bln ‘de minimis’ guarantees

Poland’s state-owned lender BGK has granted PLN 46.186 billion in guarantees for loans worth some PLN 82.22 billion issued to SMEs as of end-February under the state program of ‘de minimis’ credit guarantees, the bank said.

FinMin to sell PLN 15-25 bln bonds in Q2

According to the Ministry of Finance, in Q2, between 3-5 tenders will be organized, and the ministry plans to sell PLN 15-25 billion worth of bonds during them. The government is also planning a 1-3 swap bonds auctions.