A state subsidised mortgage programme aimed at first-time buyers offers some benefits to those who qualify for it but at the same time has led to an increase in house prices and made it harder for other buyers, according to a report by Amron-Sarfin, a housing financing researcher affiliated with banking lobby ZBP. Under the…
Polish banks plan to tighten the lending criteria for all types of loans in the third quarter, a survey of lending committee chiefs conducted by the Central Bank has shown. Lenders are expected to especially tighten the criteria for small and medium-sized enterprises (SMEs), continuing a trend started in the second quarter. Demand for corporate…
Poland became in 2022 the second biggest exporter to Ukraine after China, a government-affiliated economic think-tank reported. “With a 10% share, Poland became the second biggest supplier to Ukraine after China in 2022,” the Polish Economic Institute (PIE) said. “Poland advanced from the fourth place and overtook Germany and Russia,” PIE wrote, adding that, according…
The number of official employees from Belarus, applying for pension and disability insurance, has increased by nearly 40% in the 2022-2023 period, Poland’s social insurance institution ZUS has reported. According to ZUS data, at the end of June, 121,700 citizens of Belarus were insured with ZUS against 87,700 at the end of June 2022. In…
Poland’s manufacturing sector purchasing managers’ index PMI fell to 43.5 points in July from 45.1 in June, a report by S&P Global showed. “Output, new orders, exports, employment and purchasing activity all decreased more quickly in July than in June amid widespread reports of demand weakness,” S&P Global said in a report on August 1.…
Poland’s public debt in relation to GDP continues on downward trend, Prime Minister Mateusz Morawiecki has announced. On July 26, Morawiecki published Eurostat data on the Polish debt-to-GDP ratio on social media. According the EU statistical office, in the first quarter of 2022 Polish public debt reached 51.9% of GDP, in the fourth quarter of…
Poland’s unemployment rate fell by 0.1% MoM in June, to 5 %, the Central Statistical Office (GUS) reported on July 25. The number of registered unemployed measured 783,500 in June against 802,300 in May, GUS said. Earlier, the Family and Social Policy Ministry also estimated June’s unemployment rate at 5%. Economists polled by PAP expected…