Locked content RPP keeps interest rates unchanged

The Monetary Policy Council (RPP) decided to keep interest rates unchanged. The NBP’s reference rate still stands at 1.5 percent, the lombard rate at 2.50 percent, the deposit rate at 0.50 percent and the rediscount rate at 1.75 percent. This decision is in line with analysts’ expectations. In...

Locked content Employers in Poland face recruitment problems

Employers in northern Poland have most difficulties in finding suitable employees. About 59 percent of employers there face problems in recruitment, ManpowerGroup reported. In Eastern Poland, the number amounts to 46 percent. Companies from central and northern Poland have difficulties in recruiting...

Locked content COIG: 213 companies went bankrupt in Q1

According to the data released by the General Economic Information Center (COIG), 213 companies filed for bankruptcy in Q1. This is a 13 percent increase y/y. The main reasons are insufficient capital invested when setting up a business, too little knowledge about tax regulations, legal aspects and ...

Locked content Export from Poland up 2.5% in May

Export from Poland grew by 2.5 percent y/y in May and by 0.2 percent on a monthly basis, the chief economist of the Polish Chamber of Commerce Piotr Soroczyński said.  The analysis was prepared on the basis of economic data and opinions of the members of Polish Chamber of Commerce. Soroczyński added...

Locked content Inflation should remain close to NBP target – Glapiński

The head of National Bank of Poland (NBP) Adam Glapiński said that inflation forecast indicates that it will remain close to the NBP target of 2.5 percent. Glapiński also stated that the economic outlook for the following quarters is favorable. According to the March outlook, average annual inflatio...

PAIH supporting 178 projects worth EUR 7.2 bln

The Polish Investment and Trade Agency (PAIH) is currently supporting 178 foreign direct investments worth a total of EUR 7.2 billion, the agency said. Last year, PAIH worked on 179 projects with a total value of EUR 5.9 billion.