GUS: Polish exports increase by 5.7% for the first two months of this year

According to yesterday's Central Statistical Office (GUS) report, Polish exports increased in the first two months of this year by 5.7%. During the same time, imports rose by 12.6% and amounted to $7.2 billion. The trade deficit thus increased to $2.8 billion, an increase of some $500 million compared to the same period last year. GUS made its estimates on foreign trade level by examining the flow of goods through the border and not on bank payments as is done by the Polish National Bank (NBP). Analysts emphasize that growing export is a positive sign for the Polish economy and are paying close attention to Central and Eastern European markets. Presently, Russia is the second largest importer of Poland goods, with Germany placing first. (Gazeta Wyborcza, page 18) A.D.