S&P upgrades Poland’s rating to A-

Ratings agency S&P has upgraded Poland’s long and short-term rating in foreign currencies at “A-,” the agency stated on Friday. The ratings’ outlook is stable.

MF sells PLN 984 mln retail bonds in September

The Ministry of Finance sold retail bonds worth PLN 984 million in September compared to PLN 1.04 billion in August. So far this year nearly PLN 9 billion worth of retail bonds have been sold  According to FinMin the three-month saving bonds were the most popular last month and accounted for roughly...

IMF raises GDP growth forecast in Poland to 4.4% in 2018 

Economic growth in Poland will accelerate to 4.4 percent this year, while next year it will slow down to 3.5 percent, the International Monetary Fund (IMF) has forecasted. This means a rise in the forecast for 2018 presented in April by 0.3 percentage points.

Nextbike ups market potential at 50,000-60,000 in 2025

Nextbike raised its forecast for the Polish city bike market potential to 50,000-60,000 in 2025 from 48,000 expected earlier, CEO Robert Lech said. The company plans to close this year with 17,800 bikes versus 12,200 at the end of 2017. In addition, Nextbike expects its fleet to grow by another 5,30...

Unemployment falls to 3.4% in August – Eurostat

The seasonally adjusted unemployment rate in Poland was 3.4 percent in August compared to 3.5 percent in July, the EU statistical office Eurostat reported. The number of unemployed people decreased to 585,000 in July from 600,000 a month earlier. In the entire EU, unemployment stood at 6.8 percent.

CPI inflation at 1.8% in September – GUS flash estimate

Prices of consumer goods and services increased in September by 1.8 percent year-on-year and 0.2 m/m, statistics office GUS informed in a flash estimate. Last month, prices for foods and non-alcoholic beverages increased by 2.3 percent y/y and 0.6 percent m/m, energy prices went up by 1.8 percent y/...