Economic climate improves in Q3 – IRG SGH

The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) increased by 6.2 points year-on-year and amounted 3.2 points in Q3. 21.9 percent of the surveyed enterprises considered the general condition of their company as good,...

Locked content Banking sector 7-month net profit at PLN 9.12 bln

In January-July the banking sector recorded net profit of PLN 9.12 billion, the National Bank of Poland (NBP) reported. Net interest income in the same period amounted to PLN 26.27 billion. In July net profit stood at PLN 1.29 billion, showing a decline of 7.5 percent compared to June. Net interest ...

Employment and wages grow in August – GUS

According to data released by the Polish Central Statistical Office (GUS), the average employment in companies in August grew by 3.4 percent year-on-year, while the wages grew by 6.8 percent y/y. In month-to-month terms, employment remained unchanged, while salaries decreased by 0.6 percent. The ave...

HICP inflation in Poland at 1.4% y/y in August 

Harmonized Index of Consumer Prices (HICP) inflation in Poland amounted to 1.4 percent y/y in August 2018 against 1.4 percent y/y inflation a month earlier, the EU statistical office Eurostat has provided. On a monthly basis, the index fell by 0.2 percent.

Locked content Fuel prices stable, slight growth possible

The average gasoline prices at stations remain stable for the second week in a row. In the coming days, however, a slight increase is possible, BM Reflex analysts estimated. Currently, gasoline 95 costs about PLN 5.11 per liter, gasoline 98 is priced at PLN 5.40 per liter; diesel costs PLN 5.04 per ...

NBP keeps inflation target at 2.5% +/- 1 p.p.

National Bank of Poland (NBP) plans to keep inflation target at 2.5 percent with a deviation range of 1 percentage point, according to assumptions of monetary policy for 2019. Escalation of global trade disputes is the main risk factor for the Polish economy, NBP stated.

Rockbridge TFI to dissolve two funds

Rockbridge TFI General Assembly has adopted resolutions on the dissolution of Rockbridge FIZ Bezpieczna Inwestycja 1 and Rockbridge FIZ Safe Investment 3 funds, the company has reported.