Locked content Light industry exports on the rise

Exports of light industry products grew the fastest in January-July, at 13.6 percent year-on-year, the Ministry of Economy said in a news release on Tuesday. It amounted to €3.5 billion. Exports of machine goods also grew, by 6.9 percent y/y, and amounted to €37.5 billion. Growth was also recorded i...

Locked content Manpower expects employment growth

The majority of businesses surveyed by the Polish unit of Manpower Group, 73 percent, do not plan employment changes in the coming three months, according to data quoted by ISBnews. At the same time 13 percent plan to create new jobs and 8 percent plan employment cuts. The seasonally adjusted net em...

Foreign trade deficit at €171.3 mln

Poland exported goods worth €93.86 billion (PLN 392.10 billion, $128.83 billion) in January-Julyof 2014, according to data published by the Central Statistical Office (GUS) on Monday. Imports stood at €94.03 billion (PLN 392.83 billion, $129.06 billion).

Locked content FMCG retail down by 4.9% in August

Retail trade in FMCG stores fell by 4.9 percent year-on-year in August, according to estimates from the Polish Trade Chamber (PIH). In month-on-month terms it fell by 3.2 percent, said Joanna Chilicka, spokesperson for the chamber. The chamber calculates the estimates based on a survey of small, med...

Locked content Most companies plan manager-level employment

As many as 66 percent of Polish businesses plan to employ new specialists and managers within the next three months, 3 percentage points more than in the previous poll, according to a report from Antal International, released on Monday. This is the best result since 2008, the company said. Only 11 p...

Locked content CLI for Poland inches up in July

The Composite Leading Indicator (CLI) for Poland amounted to 100.60 points in July 2014, compared to 100.58 points in June, according to data from the Organisation for Economic Co-operation and Development (OECD). In August 2013 the CLI was at 100.47. The CLI for the euro zone inched down to 100.83 ...

Locked content Chojna-Duch: Rates need to be cut

The National Bank of Poland’s benchmark interest rate should be cut by 50 basis points to 2.00 percent in October, Monetary Policy Council member Elżbieta Chojna-Duch told Reuters. “The Russian embargo on food exports, weakness in the economy and negative readings from the euro zone may prolong the ...

Locked content Szczurek: GDP growth will disappoint

Compared to June estimates, next year’s economic growth will be disappointing, Finance Minister Mateusz Szczurek told Polish Radio on Monday. “This is important both for the budget and for households, companies,” he said. The minister referred to the budget draft for 2015, approved by the government...

Unemployment down to 11.7% – Labor Ministry

Poland’s registered unemployment rate amounted to 11.7 percent as of the end of August, according to an estimate published on Monday by the Ministry of Labor and Social Policy. It declined by 0.2 percentage points compared to July.

Locked content Central bank reserves at €77.4 billion

As of the end of August 2014, the National Bank of Poland’s official reserve assets stood at €77.4 billion, €98 million higher than at the end of July, the NBP said. When calculated in US dollars, the reserve assets were $102 billion compared to $103.5 billion at end-June. The NBP invests foreign cu...