S&P affirms Poland’s rating

Rating agency Standard & Poor’s affirmed Poland’s BBB+/A-2 with a stable outlook. According to S&P Poland has a positive outlook when it comes to its flexible exchange rate regime and NBP’s independent and credible monetary policy, which offsets the risks arising from gover...

Morawiecki: Q1 GDP slightly below 4%

According to Deputy PM, Mateusz Morawiecki, Polish GDP for Q1 should easily exceed projected 3.5 percent and be slightly below 4 percent threshold. “I think we’re moving in the right direction, all economic indicators are better than we’ve expected,” Morawiecki said in an interview with ...

Poland seeks billions in tax revenue

The Ministry of Finance, plans to increase tax revenue collection by PLN 8 billion in 2018, PLN 6 billion in 2019, and PLN 4 billion in 2020, according to the deputy finance minister Leszek Skiba. The updated forecasts were included in the latest draft of the convergence program. For this year, the ...

IMF revises GDP forecasts for Poland

The International Monetary Fund has raised its GDP forecast for Poland to 3.4 percent in 2017, from the previous 3.3 percent. For 2018, the IMF predicts a 3.2 percent growth, down from the previous 3.3 percent figure.

Housing loans up, consumer loans down in February – BIK

In February, Polish banks issued 484.8k consumer loans worth PLN 5.7 billion, representing a 10.7 increase a 10.1 percent increase in the number and 3.5 percent decline in value y/y. The number of housing loans was up by 14.9 percent to 18.1k while their value grew to PLN 3.8 billion, representing a...

GUS: Trade turnover at PLN 151 mln at end-February

In the first two months of 2017, Polish exports amounted to PLN 132.18 billion, while imports amounted to PLN 132.03 billion. Trade turnover reached PLN 151.6 million. In comparison to the corresponding period of the 2016, exports increased by 4.8 percent and imports by 8.6 percent, data from Poland...