According to the report released yesterday by the Central Statistical Office (Główny Urząd Statystyczny), the unemployment rate in Poland for January 2016 was 10.3%, which stands out as the lowest January rate in the recent 25 years. In January there were 5,703 thousand people employed in the business sector, which is 2.3% more than in…
Mateusz Morawiecki, Polish Minister of Development, announced a plan for Polish development for the years to come, the Plan for Responsible Development, already dubbed by the media “Morawiecki Plan”. The strategy just got the government’s approval. The plan is to gear up Polish economy to reach new levels and to build grounds for growth even…
The National Bank of Poland publishes quarterly information on payment cards in Poland. It has recently released the data collected for 3Q2015. The report presents and analyses all major figures regarding cards and card holders. The report is compiled based on the statistical information obtained from card issuers and acquirers. In summary, Polish people are…
2016 budget act was passed through the Sejm (lower chamber of Polish Parliament) on Saturday. The state’s presentation of the planned revenue and spending closes with a deficit in the amount of 54.7 billion PLN. Polish MPs worked on over three hundred proposed amendments and eventually approved of the financial plan for 2016. The proposed…
It has been known for some time that Polish government has plans to introduce a new levy on retail sales. The original idea was to tax large retail chains, like Tesco or Lidl. The number of small shops in Poland has been continuously going down for some time. Ministry of Finance finally revealed some information…
Last week Bloomberg published its Innovation Index for 2016. Poland took the 23rd position on the list of the world’s most innovative economies, surpassing such countries as Italy, Spain, and Portugal. The country moved up two notches from last year, when it was ranked 25th. The ranking is led by South Korea, with the total…
Polish media buzzes with emotion in the aftermath of Standard & Poor’s decision to lower Poland’s credit ranting announced on Friday. This is the first cut with respect to Poland’s ranking in 25 years. The downgrade came as a surprise. The rating with regards to long-term currency debt was changed from “A-“ to “BBB+”, with…
December will be another month of falling prices in Poland, as deflation does not seem to be going away, as the recent CPI data indicate. They key reason for this is the current situation on the oil market, with crude oil prices staying on the low level. Cheap oil means low energy prices bringing down…
Główny Urząd Statystyczny (Central Statistical Office) has recently issued its publication on the condition of the Polish labour market, “Employment, wages, and salaries in national economy in I-III quarters of 2015”. The document presents the current numbers of the employed, juxtaposing the data with the information from 2014. The publication is prepared based on mandatory…
UAE based company Emmar – whose owner Mohamed Allabar has visited Poland together with ruler of Dubai Muhammad ibn Raszid al-Maktuma has announced its plans for a biggest investment in the world in Poland. Many major Polish cities has submitted their offers. However the company has confirmed that capital city of Warsaw is no. 1…
