Locked content Debt of retail sector worth PLN 1 bln

In the last three months, the debt of the Polish retail sector reached nearly PLN 1 billion, according to the National Debt Registry (KRD). The financial standing of the sector is not only up to seasonal sales, but “any issues of trade partners influence the retailers directly,” the KRD ...

Locked content Day without Debt casts light on settlement problems

November 17 has been dubbed the Nationwide Day without Debt. An increasing number of Poles have a problem with settling payments on time. The Provident Barometer showed that 20 percent of Poles take credit loans regardless of education, employment or location. Polish Radio broadcast a discussion wit...

Locked content State Treasury debt up 0.8% in June

State Treasury debt increased by 0.8 percent m/m and in June amounted to PLN 750.21 billion, Poland’s Ministry of Finance informed. Compared to the end of 2013, the debt calculated in the złoty decreased by 10.5 percent. The debt increase was caused by changes in currency exchange rates (PLN 1.1 bil...

Locked content Treasury debt at PLN 740.37 bln

The total debt of Poland’s State Treasury amounted to PLN 740.37 billion at the end of May 2014, according to data from the Ministry of Finance quoted by ISBnews. It grew by 0.4 percent month-on-month and by 11.2 percent compared with the end of 2013. The growth mostly resulted from the financing of...

Locked content Poles overdue debt at PLN 40.89 bln

The aggregated value of Poles’ overdue debt amounted to PLN 40.89 billion in the second quarter of 2014, according to BIG InfoMonitor data quoted by the Polish Press Agency. The figure grew by PLN 43 million, or 1 percent, over the three months. The average Pole has PLN 17,585 overdue debt, the inst...

How much does Poland owe and does it really matter?

The Polish government puts the country’s public debt at roughly 53 percent of GDP. But Leszek Balcerowicz, the man considered the chief architect of Poland’s economic transformation, says it is in fact several times higher than that, writes Remi Adekoya.