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.
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.
According to PM Mateusz Morawiecki predictions in 2017 GDP grew about 4.5 percent, while in Q4 alone the growth amounted to 5 percent y/y.
Poland’s unemployment rate stood at 6.6 percent at the end of December, the Central Statistical Office (GUS) informed, representing a 0.1 percentage points m/m growth.
The debt of Polish national and local government institutions declined to 52 percent of GDP in Q3, compared to 53.2 percent in Q2 and 53.1 percent in Q3 of 2016, Eurostat reported.
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...
The M3 money supply increased in December by PLN 28.6 billion in nominal terms reaching PLN 1.32 trillion, according to data published by the NBP.
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.
The value of consumer credits increased by 0.7 percent or PLN 1.26 billion in December month-on-month and reached PLN 174.1 billion, Poland’s Central Bank (NBP) announced.
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...