BIEC: Economic sentiment grows in January

The leading indicator of economic sentiment (WWK) in Poland estimated by the Bureau for Investments and Economic Cycles (BIEC) increased by 1.5 points and stood at 172.6 points in January.

MF sells PLN 7 bln worth of bonds. Debt needs financed at 37%

The Ministry of Finance sold PLN 7 billion worth of bonds on auction. The five series will mature in 2020, 2022,2023, and 2028 (two series). Investor interest was at PLN 10.4 billion. According to the ministry after this bond issue, this year’s budget debt plan has been financed at 37 percent.

NBP head: rate hike possible to in 2019 due to high wage growth

While interest rates should remain unchanged this year, there is a possibility of a hike in 2019, Central Bank’s (NBP) head Adam Glapiński said. “If they are raised in the future it will mean that there is a certain reason for this, such as rapid wage growth or prices will grow due to a specific rea...

VAT revenues grew by 23% in 2017

Revenues from goods and services tax (VAT) amounted to PLN 157 billion at the end of 2017, an increase of 23 percent y/y, PM Mateusz Morawiecki said.

Authorities arrest Nazi sympathizers after damning TV report

Polish authorities arrested three people for propagating fascism after a news report showed hidden camera footage of a group of Nazi sympathizers group Pride and Modernity (Duma I Nowoczesność)  celebrating Adolf Hitler’s birthday last year. The investigators also found fascist paraphernalia, includ...