PCC Rokita 2016 net profit increases significantly

WSE-listed chemicals producer PCC Rokita had a PLN 202.72 million consolidated net profit in 2016, up from PLN 84.75 million last year (139.2 percent y/y growth). Operating profit stood at PLN 234.3 million vs. PLN 102.86 million in 2015. Revenue from sales amounted to PLN 1.107 billion, slightly up...

Poland revises foreign trade forecasts

The Ministry of Development has released updated foreign trade forecasts for 2017. According to it, exports will reach €192.8 billion (€183.6 billion in 2016) compared to €190.4 billion forecasted last month. Imports projections have also been increased to €190.5 billion, compared to €183.6 billion ...

OECD CLI falls in January

The Composite Leading Indicator (CLI) for Poland fell by 0.53 percent y/y, and increased by 0.06 percent m/m points amounting to to 100.07 points in January, according to data from the Organization for Economic Co-operation and Development (OECD).

FinMin: Debt financing reaches 46%

The level of debt financing after the March 2, bond tender, has reached 46 percent of this year’s financing needs, the Poland’s Finance Ministry said. This amount includes PLN 28.7 billion in bond issues, PLN 4.7 billion in bond conversion and PLN 13.4 billion from the bond conversion th...

Eurostat: Retail sales up by 6.5% in January

The volume of seasonally adjusted retail trade in Poland grew by 6.5 percent year-on-year in January, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it grew by 4.1 percent.

Eurostat: January unemployment in Poland down

The seasonally adjusted unemployment rate in Poland was 5.4 percent in January, compared with 5.5 percent a month earlier, the EU statistical office Eurostat said. This is a drop from January of 2015, when it was 6.7 percent. The pan-European statistics agency, which uses roughly the same criteria a...

Exports on the rise January – KUKE

Euro-denominated exports in January increased by 12.2 percent y/y to €14.76 billion, the Export Credit Insurance Corporation (KUKE). “The last month of the year is usually focused on offloading the stock. Ordering new materials and products is on the backburner. January was usually the month when co...