Government adopts early 2018 budget draft. Deficit at PLN 41.5 bln

The Polish government adopted the first draft the next year’s budget. It assumes that the deficit would not exceed PLN 41.5 billion, GDP growth at 3.8 percent, unemployment at 6.4 percent, at 2.7 percent public deficit. “I think it’s a good budget, it’s a budget that promotes growth, a b...

GUS: Consumer sentiment grows in September

In September, the consumer confidence indicator (BWUK) increased by 1.7 percentage points compared with last month, according to a report by Central Statistical Office (GUS). Now it stands at the level of 5.7. Compared to last year, the indicator is up by 9.5 percentage points

Investments drop by 1.1% in H1 – GUS

In the first half of this year, corporate investment fell by 1.1 percent y/y and amounted to PLN 49.2 billion, according to data from the Central Statistics Office. Last year, the investment drop in H1 amounted to 7.1 percent.

Treasury debt inches up in June

The debt of the State Treasury of Poland grew in June by PLN 5.16 billion (0.5 percent increase m/m), to PLN 945.69 billion, the Ministry of Finance said. What’s more, since the beginning of the year, the statement read, debt has risen by 1.8 percent.

Retail sales grow 7.1% in July – GUS

Retail sales increased in July by 7.1 percent year-on-year and 0.6 percent m/m, according to GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 7.4 percent y/y and 1.1 percent m/m.

EU subsidies reach PLN 117.9 bln

The value of EU subsidy applications submitted by August 16 amounted to PLN 235.4 billion, according to data released by the Ministry of Development. Till mid-August, 20,873 contracts for the EU co-financed projects amounted to PLN 117.9 billion in EU subsidies.