Locked content GDP seen growing at 3.3% in 2014

Poland’s gross domestic product is expected to grow by 3.3 percent in 2014, according to the latest forecast by the Ministry of the Economy. “We expect the economic growth rate in 2014 to accelerate in comparison with 2013 and reach 3.3 percent,” the ministry wrote. “Domestic demand will take over t...

Locked content Registered unemployment 11.8% in July – analysts

Analysts surveyed by ISBnews agency expect the registered unemployment in Poland for July to be 11.8 percent. It would then be 0.2 percentage points lower than in June. In the beginning of July the Polish Ministry of Labor and Social Policy ascertained the unemployment rate to be 11.9 percent. On th...

Locked content Poland desires eastern employees

According to Poland’s Deputy Prime Minister Janusz Piechociński, Polish economy needs employees from the east, e.g. from Ukraine, but they should have proper qualifications and be well educated. Piechociński told news agency IAR that employment procedures for seasonal workers should be simplified, b...

Labor Ministry: Unemployment down to 11.9%

Poland’s registered unemployment rate declined by 0.1 percentage point to 11.9 percent in July, according to an estimate issued by the Ministry of Labor and Social Policy on Wednesday. Compared to July 2013, the jobless rates declined by 1.2 points.

Locked content Ministry sees GDP growth slowing down in Q2

Following macroeconomic data released in July, the Polish Ministry of Economy expects GDP growth in the second quarter of this year to be 3.1 percent compared to 3.4 percent in Q1, according to a statement quoted by the Polish Press Agency. At the same time, the ministry upheld its forecast for full...

Locked content BIEC: Slower improvement on labor market

The forward-looking labor market indicator, calculated by the Bureau for Investments and Economic Cycles (BIEC) has been declining for a year, according to a report from the institution quoted by the Polish Press Agency. Over the past months the rate of decline has slowed down over the past months, ...

Locked content Eurostat: unemployment in Europe at 10.5%

According to June statistics provided by Eurostat, 11.5 percent of Europeans in the euro zone are unemployed. This is the lowest unemployment figure for the euro zone since September 2012. Meanwhile, in the entire European Union the unemployment figures show 10.2 percent of citizens out of work. Thi...

Locked content Unemployment to fall to 11%

The registered unemployment rate in Poland will decline to nearly 11 percent in July-September, Deputy Labor Minister Jacek Męcina told radio station TOK FM. It will then grow seasonally. Sectors such as tourism, restaurants, horticulture and agriculture are important to the Polish labor market, Męc...

Unemployment rate at 12%

The registered unemployment rate in Poland stood at 12 percent in June, according to data published by the Central Statistical Office (GUS) on Wednesday. Poland’s Labor Ministry expected the figure to be 12.1 percent.