Eurostat: Unemployment in Poland drops in July

The seasonally adjusted unemployment rate in Poland stood at 4.8 percent in July, compared to 5 percent the month before, the EU statistical office Eurostat said. This is a drop from June 2016, when it stood at 6.1 percent. The pan-European statistics agency, which uses roughly the same criteria as ...

GUS confirms GDP Q2 growth at 3.9%

The Central Statistical Office (GUS) confirmed its previous flash estimate of Q2 3.9 percent GDP growth in year-on-year terms. The quarter-to-quarter seasonally adjusted growth was at 1.1 percent.

Pengab banking sentiment drops in August

The Pengab index, which measures conditions in the banking industry, decreased by 1.2 points month-to-month to 22.8 points in August, according to the Monitor Bankowy report issued by Kantar TNS. Last year, the indicator stood at 21.1 points.

OFE to transfer PLN 7.74 bln to ZUS in 2018

Private pension funds OFE will transfer PLN 7.74 billion to the Social Security fund ZUS under the pre-retirement asset shift next year and will receive PLN 3.27 billion in transfers from ZUS, according to ZUS financial plan for next year.

Morawiecki: This year’s deficit to be around 2.5% of GDP

Poland’s general government deficit be around 2.5 percent of gross domestic product this year, Deputy Prime Minister Mateusz Morawiecki said. “This budget for sure will be a very safe one. I think that the general government deficit will oscillate at around 2.5 percent, maybe a little bit more,” Mor...

EU subsidies reach PLN 119.4 bln

The value of EU subsidy applications submitted by August 27 amounted to PLN 238.3 billion, according to data released by the Ministry of Development. Till that date, 21,408 contracts for the EU co-financed projects amounted to PLN 119.4 billion in EU subsidies.