Poland’s unemployment rate went down to 5.1% in September from 5.2%, after correction, in August, the Central Statistical Office (GUS) reported. The number of registered unemployed measured 801,700 in September against 806,900 in August, GUS also said. Earlier, the Family and Social Policy Ministry estimated September’s unemployment at 4.8%. (The First News/Business World Magazine)
The Polish government has already secured some 30-35% of its borrowing needs for next year, Mateusz Morawiecki, the prime minister, has said. Morawiecki said at a press conference on October 24 that Poland would organise new bond auctions “when the most appropriate conditions appear,” as he referred to two auctions that the state-run bank BGK…
Poland’s record-high bond yields are a result of pressure from financial markets, Mateusz Morawiecki, the Polish prime minister, has said. Poland’s bond yields crossed the 9% mark on October 21, a level last seen more than 20 years ago, prompting the state-run development bank BGK to forgo a planned bond auction as it expected to…
Poland’s retail sales increased in real terms by 4.1% YoY, but fell by 2.8% MoM in September, the Central Statistical Office reported. Economists polled by PAP expected September’s retail sales to grow in real terms by 4.4% YoY and fall by 2.4% MoM. In current prices, retail sales increased by 21.9% YoY in September against…
The Polish budget closed September with a PLN 27.5-billion (EUR 5.8 billion) surplus, but the results are expected to drop considerably in the months to come, the Finance Ministry reports. Lukasz Czernicki, the ministry’s chief economist, said that at about PLN 38 billion (EUR 8 billion), September’s budget revenue was about PLN 2 billion (EUR…
The government will not fight inflation by raising unemployment, Mateusz Morawiecki, the Polish prime minister, said in an October 21 interview for the Dziennik Gazeta Prawna (DGP) daily newspaper. Morawiecki thus responded to DGP’s query whether the government should not tighten its fiscal policy to back the Polish central bank, the Monetary Policy Council of…
Launched in May, the Lithuanian-Polish gas pipeline GIPL has been tested at its maximum capacity. Two tests were carried out to make sure the pipeline could transmit the full gas flow in accordance with the technical parameters of the GIPL construction without any disturbances. According to the assessment of the Lithuanian and Polish TSOs operating…