NBP reserves drop in August

Poland’s Central Bank’s (NBP) reserves stood at €92.19 billion at end-August and were €1.4 billion lower than last month, according to the NBP’s official reserve data. Reserves denominated in USD have dropped by $100 million to $109.68 billion.

Unemployment unchanged in August – Labor ministry

The registered unemployment rate amounted to 7.1 percent in September, unchanged in month-on-month terms, and 1.3 percentage points lower y/y, based on estimates from job centers, the Ministry of Family, Labor and Social Policy announced.

OFE net assets value increase by 2.3% in August

The net assets of the Polish private pension fund (OFE) amounted to some PLN 181.67 billion in August, a 2.3 percent month-on-month increase, according to a report issued by researcher Analizy Online. “Since the beginning of the year, the OFE assets increased by PLN 27.6 billion, the result was main...

Eurostat: Retail sales up by 7.9% in July

The volume of seasonally adjusted retail trade in Poland grew by 7.9 percent year-on-year in July, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it increased by 1 percent.

Loans up by 3.7%, deposits by 5% at end-July

The Polish Financial Supervision Authority (KNF) published data regarding banks’ loans and deposits for the first seven months of this year. The total value of loans in the banking sector in Poland, including foreign units, increased by 3.7 percent y/y reaching PLN 1,034.11 billion. The value ...

EU subsidies reach PLN 121 bln

The value of EU subsidy applications submitted by September 3 amounted to PLN 240.8 billion, according to data released by the Ministry of Development. Till that date, 21,879 contracts for the EU co-financed projects amounted to PLN 121 billion in EU subsidies.

FinMin: Debt financing remains at 72% at end-August

The Ministry of Finance has not sold any bonds in August, which means that the level of debt financing has reached 72 percent of this year’s financing needs, the Poland’s Finance Ministry said, and taking into account lower than planned financing needs for this year, the debt financing l...

KUKE: Exports grow 12.1% in July

Euro-denominated exports in July increased by 12.1 percent y/y amounting to €15.13 billion, the Export Credit Insurance Corporation (KUKE). Compared to June, the value of exported goods and services decreased by 9 percent. For the whole year, KUKE forecasts a 10 percent increase in euro-denominated ...