Locked content Retail sales up by 2.1% in July

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....

Unemployment confirmed at 11.9%

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.

Locked content GDP seen growing at 3.3% in 2014

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...

Locked content Registered unemployment 11.8% in July – analysts

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...

Poland still needs to prepare before euro adoption – FinMin

Poland needs to work on improving its competitiveness before joining the euro zone to make sure it benefits from the adoption of the common currency, Finance Minister Mateusz Szczurek told web portal wnp.pl. When asked if Poland should enter the euro zone, Szczurek said that it should, “but only whe...

Locked content Automotive industry sees exports growth

Between January and May of this year, exports of the Polish automotive industry increased by €500,000 (0.8 percent) year-on-year and amounted to €7.8 billion, according to a report by AutomotiveSuppliers. In May 2014, the value of Polish industry exports stood at nearly €1.6 billion, 1.36 percent mo...

Locked content RPP members support further interest rate cuts

Some members of Poland’s Monetary Policy Council (RPP) were in favor of further cuts in interest rates, in order to counteract the negative impact of low inflation figures, according to official minutes of the latest RPP sitting. “A few Council members pointed out that interest rate decrease could b...

Locked content Fewer Poles against introducing euro

The percentage of Poles against introducing the euro as the national currency decreased in August by 6 percentage points month-on-month. Now it amounts to almost 74 percent, according to a poll conducted by GfK Polonia. At the same time, the percentage of Poles being in favor of the new currency inc...

Locked content State Treasury debt up 0.8% in June

State Treasury debt increased by 0.8 percent m/m and in June amounted to PLN 750.21 billion, Poland’s Ministry of Finance informed. Compared to the end of 2013, the debt calculated in the złoty decreased by 10.5 percent. The debt increase was caused by changes in currency exchange rates (PLN 1.1 bil...

Locked content Złoty in a stable postion

The Russia-Ukraine conflict have already started to influence fluctuations of the European currencies.  The złoty, however, is not predicted to lose its current value any more, conversely to the currencies of the countries from Central Europe like forint or Czech koruna. Michał Stajniak, DM X-Trade ...