Locked content GDP might slow down in H2 – Piechociński

Poland’s GDP for Q2 “should stay above 3 percent” threshold, but it may slow down in the second half of the year, said Deputy PM Janusz Piechociński. “Along with all central and eastern Europe we are entering a phase of deflation,” Piechociński told reporters. “I would prefer bolder and more daring ...

Locked content Money stock inches up in June

In June, total money supply (M3) increased by 0.4 percent month-on-month in nominal terms, reaching PLN 995.5 billion, according to data issued on Monday by the National Bank of Poland. The growth was mainly due to the increase in corporate deposits, which amounted to PLN 199.5 billion at the end of...

Locked content Industrial production up by 2.2% y/y – Eurostat

Poland’s seasonally adjusted industrial production grew by 2.2 percent year-on-year in May, according to data published by the EU’s statistics office Eurostat on Monday. In month-on-month terms it declined by 1.6 percent. Throughout the EI industrial production grew by 1.1 percent y/y and declined b...

Locked content Belka: NBP must contribute to law on central bank

The new version of the law on the National Bank of Poland should not hamper the scope of competence of the Monetary Policy Council (RPP), central bank head Marek Belka said in an interview for Obserwator Finansowy. The NBP issued a statement on Friday saying that the RPP and the central bank’s manag...

Locked content Poles overdue debt at PLN 40.89 bln

The aggregated value of Poles’ overdue debt amounted to PLN 40.89 billion in the second quarter of 2014, according to BIG InfoMonitor data quoted by the Polish Press Agency. The figure grew by PLN 43 million, or 1 percent, over the three months. The average Pole has PLN 17,585 overdue debt, the inst...

Polish exports on the rise

Poland exported goods worth PLN 279.1 billion in I-V 2014, according to Central Statical Office data. During the same time, the country imported PLN 278.8 billion worth of goods. The trade surplus was PLN 279 million.

Locked content NBP survey sees GDP growth at 3.3%

Poland’s GDP will grow by 3.3 percent in 2014 and average annual inflation will amount to 0.5 percent, according to the central projection resulting from the National Bank of Poland’s macroeconomic survey conducted in June. The central projection sees GDP growth at 3.3 percent in 2014, 3.6 percent i...

Locked content BIEC: Number of job offers grows again

The job offers barometer calculated by the Bureau for Investments and Economic Cycles (BIEC), which shows changes in the number of online job advertisements, grew by 5.9 points to 130.5 points in June, according to data quoted by the Polish Press Agency. The barometer grew in June after a decline re...

Locked content FMCG retail down by 3.5% in June

Retail trade in FMCG stores fell by 3.5 percent year-on-year in June, according to estimates from the Polish Trade Chamber (PIH). In month-on-month terms it fell by 4.2 percent. “The decline is partly due to deflation observed during the summer months of this year,” said Joanna Chilicka from PIH. It...