NBP reserves grow in September

Poland’s Central Bank’s (NBP) reserves stood at €94.36 billion at end-September and were €2.2 billion higher than last month, according to the NBP’s official reserve data. Reserves denominated in USD have increased by $1.7 billion to $111.35 billion.

MF sells PLN 6.82 billion bond swaps

The Ministry of Finance sold PLN 6.82 billion worth of bond swaps on auction on Thursday, in return it acquired PLN 6.63 billion worth of bonds maturing next year.

EU subsidies reach PLN 121.5 bln

The value of EU subsidy applications submitted by end-September amounted to PLN 252.2 billion, according to data released by the Ministry of Development. Till that day, 23,574 contracts for the EU co-financed projects amounted to PLN 131.5 billion in EU subsidies.

KUKE: Exports grew 11.7% in August

Euro-denominated exports in August increased by 11.7 percent y/y amounting to €15.59 billion, the Export Credit Insurance Corporation (KUKE). Compared to July, the value of exported goods and services increased by 5.1 percent. For the whole year, KUKE forecasts a 10.4 percent increase in euro-denomi...

Eurostat: Unemployment in Poland drops in August

The seasonally adjusted unemployment rate in Poland stood at 4.7 percent in August, compared to 4.8 percent the month before, the EU statistical office Eurostat said. This is a drop from August 2016, when it stood at 6.1 percent. The pan-European statistics agency, which uses roughly the same criter...

NBP: FDI inflows reach PLN 54.9 bln in 2016

The foreign direct investments (FDI) net inflows last year amounted to PLN 54.9 billion, according to the Poland’s Central Bank (NBP). The figure includes PLN 34.2 billion in reinvested profits, PLN 8.4 billion in capital inflows in the form of shares and other equity interests, and a net inflow of ...