Current account deficit for July tabulated but not certain

The current account deficit was probably EUR 154 million in July. Why probably? To be sure of the figure, the National Bank of Poland (NBP) would have to receive data from CELINA, a computer system managed by the Treasury Ministry - but it did not. This is the first time the NBP has not received the data, or rather, it received wrong data. The Finance Ministry did pass the data on to the NBP, but with Poland's EU accession, the calculation methods changed. The Central Statistical Office (GUS) didn't have enough time to finish verifying its data and to transfer it to the NBP, which in turn had to publish its prognosis anyway due to legal obligations. The GUS's late-coming data may turn out to be false anyway, as it was gathered using the Intrastat system. Exporters and importers have to submit information to Intrastat themselves and nobody is sure how many companies there are due to frequent bankruptcies and many new companies emerging. Since EU accession, the NBP has had problems with statistical data. The data have been amended so many times that analysts declined to comment on it. (Parkiet, p. 7) D.W.