The Polish economy will likely expand by 3.6% in 2010 and by 3.9% in 2011 (vs. last year's 1.7%), the European Bank for Reconstruction and Development (EBRD) has said in a report. In October, it expected the figures at 3.3% and 3.5%, respectively. It notes that "growth in Poland has again surprised positively, underpinned by resilient domestic demand and credit markets." Household consumption is expected to be weighed down by still high unemployment which remains stubbornly close to 10%, the bank added. The EBRD now forecasts overall growth in the region it covers (i.e. emerging Europe and Central Asia) of 4.2% in 2010 and in 2011, compared with October's prediction of 4.2% and 4.1%, respectively. The region as a whole contracted by 5.5% in 2009. tom |
The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more