Złoty (PLN) has been negatively affected by the Ukrainian crisis. Since the beginning of the year its course fell by 39.5 percent, and recent Russian offensive scared the investors.
Polish unemployment rate calculated by Eurostat dropped to 9 percent in July 2014 from 9.1 the month before. In July 2013 the figure was 10.4 percent.
The Economic Sentiment Indicator (ESI) for Poland calculated by the European Commission inched down by 1 point to 96.8 in August, the EC said on Thursday.
In order to support the European dairy sector, European Commission plans to subsidize the private storage of butter, skimmed milk powder (SMK) and selected types of cheese, an EC press release said on Thursday. The subsidy value is said to be €10-20 million.
Poland’s Ministry of Finance will suggest a 3.4 percent GDP growth forecast for the 2015 budget framework, Finance Minister Mateusz Szczurek was quoted as saying by the Polish Press Agency.
The forward-looking economic climate indicator calculated by the Bureau for Investments and Economic Cycles (BIEC) remained unchanged month-on-month in August, according to data quoted by the Polish Press Agency.
The volume of retail trade in Poland grew by 2.1 percent year-on-year in July, according to data released by the Central Statistical Office (GUS) on Tuesday. In month-on-month terms retail trade grew by 4.7 percent. In real terms (constant prices) retail sales grew by 3.1 percent y/y, GUS also said....
Poland’s registered unemployment rate dropped to 11.9 percent at the end of July compared to 12 percent in June, according to data published by the Central Statistical Office (GUS) on Tuesday.
Poland’s gross domestic product is expected to grow by 3.3 percent in 2014, according to the latest forecast by the Ministry of the Economy. “We expect the economic growth rate in 2014 to accelerate in comparison with 2013 and reach 3.3 percent,” the ministry wrote. “Domestic demand will take over t...
Analysts surveyed by ISBnews agency expect the registered unemployment in Poland for July to be 11.8 percent. It would then be 0.2 percentage points lower than in June. In the beginning of July the Polish Ministry of Labor and Social Policy ascertained the unemployment rate to be 11.9 percent. On th...