Locked content PM: Poland is less dependent on EU funds

The Polish economy will depend less and less on EU funds, Prime Minister Mateusz Morawiecki stated. “We have a misconception that our economy depends on EU funds,” Morawiecki said answering the question about Poland possibly receiving less money from the next EU budget. He added that Pol...

Unemployment keeps dropping

Unemployment rate stood at 6.3 percent in April 2018, down by 0.3 pp from the March reading of 6.6 percent, statistics office GUS stated. The figure came in on par with earlier estimates of the Ministry of Labor and Social Policy. According to GUS data, there were 1.042 million unemployed registered...

Locked content Consumer loans up PLN 1.47 bln m/m in April

The total value of consumer loans granted by banks increased by PLN 1.468 billion month-on-month in April reaching PLN 179 billion, NBP stated. The value of consumer loans denominated in foreign currencies decreased by PLN 122.1 million to a level of PLN 4.441 billion, while loans denominated in the...

Locked content EC report: Poland’s labor market strongest ever

Poland’s labor market situation is the best in its recent history, public debt will continue to decrease (to 49.1 percent of GDP in 2019) and budget deficit should stabilize at 1.4 percent of GDP next year, according to the recently publish report prepared by the European Commission for 27 EU countr...

Locked content Financial situation of households improved in 2017 – GUS

The financial situation of Polish households in 2017 improved, according to statistics office GUS. Real increase in the average monthly disposable income per capita in households in 2017 increased by 6.3 percent, to PLN 1,598 in comparison to 2016, when it amounted to PLN 1,475. According to GUS, th...

Locked content Retail sales grow by 4.6% in April – GUS

Retail sales increased in April by 4.6 percent year-on-year and dropped by 5.3 percent m/m, according to Central Statistics Office GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 7.5 percent y/y and reduce by 2.4 percent m/m. In real terms, Polish retail sa...