BGK grants PLN 46.18 bln ‘de minimis’ guarantees

Poland’s state-owned lender BGK has granted PLN 46.186 billion in guarantees for loans worth some PLN 82.22 billion issued to SMEs as of end-February under the state program of ‘de minimis’ credit guarantees, the bank said.

FinMin to sell PLN 15-25 bln bonds in Q2

According to the Ministry of Finance, in Q2, between 3-5 tenders will be organized, and the ministry plans to sell PLN 15-25 billion worth of bonds during them. The government is also planning a 1-3 swap bonds auctions.

FinMin: Budget surplus at PLN 4.5 bln at end-February

The Ministry of Finance has informed that Poland recorded a budget surplus of PLN 4.46 billion at end-February. During that period, PIT revenues increased by 13.4 percent, while CIT revenues were up by 17.2 percent y/y, while VAT revenues grew by PLN 12.3 percent.

Pengab banking sentiment grows in March

The Pengab index, which measures conditions in the banking industry, increased by 7.6 points month-to-month to 29.6 points in March, according to the Monitor Bankowy report issued by Kantar TNS. Last year, the indicator stood at 30.3 points.

Moody’s upgrades Poland’s GDP forecast for 2018

Ratings agency Moody’s upgraded Poland’s GDP outlook for 2018 to 4.3 percent from the previous 3.5 percent estimate. The agency added that this forecast is based on the assumption, that the conflict between Warsaw and Brussels will not escalate. “Judicial reform reduces the risk of weakening the ind...

MF sells PLN 3 bln worth of bonds. Debt needs financed at 50%

The Ministry of Finance sold PLN 3 billion worth of bonds on auction. The five series will mature in 2020, 2023,2024, and 2028 (two series). Investor interest was at PLN 6.6 billion. According to the ministry after this bond issue, this year’s budget debt plan has been financed at 50 percent.

Foreigners spent PLN 41.5 bln in Poland last year – GUS

Foreign nationals spent some PLN 41.5 billion last year in Poland on goods and services, data from the Central Statistics Office (GUS) showed. In comparison, Poles spent PLN 20.1 billion during their visits abroad. Both figures represent 6.2 and 6.1 percent increase y/y respectively.