Locked content Złoty expected to gain over 12 months

Over the next 12 months, the złoty will gain 4.1 percent, more than other CEE currencies, according to a poll conducted by Reuters. It is expected to stand at 4.03 percent against the euro in August 2015. According to the National Bank of Poland, the EUR/PLN exchange rate was 4.199 on Wednesday. In ...

Locked content Dividends for state at 4 bln next year – source

Poland’s Ministry of Finance would like the state budget draft for 2015 to include planned dividend revenue of PLN 4 billion, according to a source quoted by the Polish Press Agency. The source said that the planned amount was in line with information provided by the Ministry of State Treasury, whic...

Locked content Currency reserves at €77.3 billion

As of the end of July 2014, the National Bank of Poland’s official reserve assets stood at €77.3 billion compared to €74.7 billion at the end of June, the NBP said. When calculated in US dollars, the reserve assets were $103.5 billion compared to $101.9 billion at end-June. The NBP invests foreign c...

Locked content KUKE: Bankruptcies down by 14.9% in July

The number of bankruptcies announced in July 2014 declined by 14.9 percent year-on-year to 80, according to data from export credit insurer KUKE quoted by ISBnews. Between June 2013 and July 2014 the number of bankruptcies was 822. A year earlier the figure was 939. Construction remains most prone t...

Labor Ministry: Unemployment down to 11.9%

Poland’s registered unemployment rate declined by 0.1 percentage point to 11.9 percent in July, according to an estimate issued by the Ministry of Labor and Social Policy on Wednesday. Compared to July 2013, the jobless rates declined by 1.2 points.

Locked content Economic climate continues to improve – IRG SGH

The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) inched up by 0.2 points quarter-to-quarter and amounts to -4.9 points in Q3 2014. In year-on-year terms the index grew by 7.6 points, the IRG SGH said. The survey show...

Locked content Ministry sees GDP growth slowing down in Q2

Following macroeconomic data released in July, the Polish Ministry of Economy expects GDP growth in the second quarter of this year to be 3.1 percent compared to 3.4 percent in Q1, according to a statement quoted by the Polish Press Agency. At the same time, the ministry upheld its forecast for full...

Locked content Polish exports to Russia – more than just fruit

Besides targeting apple imports, Russia has also banned Polish pears, plums, sour cherries and sweet cherries, cauliflower and cabbage. Polish beef could be the next product to be scrutinized by the Russian phytosanitary authorities, as reported by forsal.pl. According to the Ministry of Agriculture...

Locked content EY expects stable economic growth

The current forecast made by EY predicts a 3.3 percent growth of the Polish economy in the current year. This is a half a percentage point higher than EY’s previous forecast earlier this year, as reported by IAR. According to EY, the rate of growth should remain rather steady. EY experts predi...

Locked content Retail trade down by 0.5% y/y in June – Eurostat

The volume of retail trade in Poland inched down by 0.5 percent year-on-year in June, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms it grew by 1 percent. Throughout the EU retail trade rose by 2.5 percent y/y and by 0.3 percent m/m in June. In the euro...