80k people to take advantage of lower retirement age in Q4 – NBP...

As many as 80k people will retire in Q4 due to the recently lowered retirement age, deputy director at Poland’s Central Bank (NBP) Jacek Kotłowski said. “The number of people who will receive benefits in Q4 is slightly over 200,000 people, but we will lose about 80,000. The rest will either take ben...

OECD CLI for Poland drops in May

The Composite Leading Indicator (CLI) for Poland decreased by 0.11 points m/m in May to 99.73 points. In y/y terms, the indicator decreased by 0.54 points.

Unemployment drops to 7.2% in June – Labor ministry

The registered unemployment rate amounted to 7.2 percent in June, a decline of 0.1 percentage points month-on-month and 1.5 percentage points y/y, based on estimates from job centers, the Ministry of Family, Labor and Social Policy announced.

Fitch affirms Poland A- rating, outlook stable

Rating agency Fitch has decided to keep Poland’s A- rating and kept stable outlook unchanged. “Poland’s ‘A-‘ ratings reflect its solid macro fundamentals, supported by a sound monetary framework and healthy banking sector. The ratings are constrained by a weak level of GDP pe...

Eurostat: Retail sales up by 3.8% in May

The volume of seasonally adjusted retail trade in Poland grew by 3.8 percent year-on-year in May, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it fell by 0.7 percent.

OFE net assets value inches up in June

The net assets of the Polish private pension fund (OFE) amounted to some PLN 142.71 billion in June, a 1.2 percent month-on-month increase, according to a report issued by researcher Analizy Online. “The result for June was driven mostly by good results of the Warsaw bourse. Since the beginning of t...

Eurostat: Unemployment unchanged in May

The seasonally adjusted unemployment rate in Poland stood at 4.8 percent in May, the same as the month before, the EU statistical office Eurostat said. This is a drop from May 2016, when it stood at 6.3 percent. The pan-European statistics agency, which uses roughly the same criteria as Poland’s Cen...