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Poland increases tax revenue by over 20% in January

The first month of new year has been quite good for the state coffers with some PLN 6.7 billion surplus. The revenue from taxes was the main reason for the good results, with VAT revenues increased by 25 percent year-on-year and amounted for nearly PLN 22 billion out of PLN 37 billion revenue record...

JP Morgan increases its forecast for Poland’s GDP growth

JP Morgan economists have revised their GDP forecasts for Poland to 3.4 percent in 2017 (from the previous 3 percent) and to 3.2 percent in 2018 (from 3.1 percent). Furthermore, the bank doesn’t expect inflation to reach the Polish Central Bank (NBP) target of 2.5 percent and expects the interest ra...

GUS: retail sales higher than expected

The volume of retail sales in Poland grew by 11.4 percent year-on-year in January. In month-on-month terms, retail trade saw a decrease of 22.1 percent, the Central Statistical Office (GUS) said.

Locked content Netia beats profit expectations

WSE-listed telecom had PLN 2.4 million net profit in Q4 compared to PLN loss that analysts expected. In revenues, the company posted a 7.7 percent drop quarter-to-quarter with PLN 371.7 million. For the full 2016 results, the revenue stood at PLN 1.52 billion and were 3 percent lower year-on-year Lo...

Real household income grew by 5.9% in Q3 – NBP

According to the Polish Central Bank (NBP) report, the real household income increased in Q3 last year by 5.9 percent in year-on-year terms. The growth was mostly due to social programs like the Family 500+ program, NBP stated. “The Family 500+ program was responsible for 3.3 percentage point growth...

MPC to keep wait-and-see stance till end-2017

Poland’s Monetary Policy Council (RPP) will likely keep its wait-and-see approach until the end of the year, rate-setter Grażyna Ancyparowicz said, adding that hikes are a possibility afterwards.