Locked content Prosperity index inches up in August

The prosperity index calculated by the Bureau for Investments and Economic Cycles (BIEC) inched up by 0.2 points month-on-month to 97.9 in August, the Polish Press Agency reports. The decline was only slight compared to changes in the indicator recorded in early 2014,” BIEC said, “and last months’ t...

Salaries up by 3.5% y/y in July

The average monthly salary in the Polish corporate sector grew by 3.5 percent year-on-year to PLN 3964.91 in July, the Central Statistical Office (GUS) said on Tuesday. In month-on-month terms it rose by 0.6 percent.

Locked content Minister of Economy: Bigger threats from the West

Janusz Piechociński, the Polish minister of economy, opines that in his predictions, this year’s GDP is going to increase by 3 percent. As he suggests, a bigger threat to the growth comes from the economic downturn on the West then from the Eastern crisis. “The GDP slack in Q2 from 3.4 p...

Locked content Budget deficit at PLN 26.35 bln

Poland’s budget deficit amounted to PLN 26.35 billion as of the end of July, according to data from the Ministry of Finance quoted by ISBnews. It stood for 55.5 percent of the annual plan. After June, the budget deficit had been at PLN 25.3 billion or 53.3 percent of the full-year plan. In January-J...

Locked content EU external trade balance at €2.9 bln

The European Union recorded an external trade surplus of €2.9 billion in June 2014, according to preliminary data published by Eurostat. Revised data for May saw a €8.6 billion surplus. The euro area recorded a surplus of €16.8 billion in June compared to €15.4 billion in May. According to Eurostat ...

ZUS with PLN 3 bilion less than expected

The Social Insurance Institution (ZUS) notes, according to Puls Biznesu, that it’s income in first half of 2014 was PLN 65.8 billion. This result is PLN 0.3 billion lower than in the first two quarters of 2013. It is the first decline since 2008.

Locked content Ministry of Economy to promote exports to Asia and Balkans

The Polish Ministry of Economy plans to spend over PLN 3 million in order to improve exports to 11 countries to Asia and the Balkans, Poland’s Deputy Prime Minister and Minister of Economy Janusz Piechociński wrote on his blog. Piechociński included in the trade campaign such countries such as Azerb...

Locked content Money stock slightly up in July

In June, total money supply (M3) increased by 0.7 percent month-on-month in nominal terms, reaching PLN 1 billion in July, according to data issued on Thursday by the National Bank of Poland. The biggest increase in was recorded in households’ deposits, which amounted to PLN 563.9 billion at the end...

Locked content Core inflation at 0.4% in July

Core inflation, excluding food and energy prices, amounted to 0.4 percent year-on-year in July, compared to 1 percent in June, the National Bank of Poland said on Wednesday. Inflation excluding state-controlled prices amounted to -0.4 percent y/y compared to -0.1 percent in June. Inflation excluding...

Locked content ZEW expectations for Poland up in August

The economic expectations index for Poland, calculated by the ZEW Center for European Economic Research in Mannheim and Erste Bank, grew by 1.9 points month-on-month to 26.9 points in August, according to data quoted by the Polish Press Agency. The assessment of the current economic situation declin...