Poland's exports will probably increase by around 9% y/y to EUR 168.9bn, while imports will rise by around 8% y/y to EUR 170.0bn, according to forecasts of the ministry of economy. Thus, the negative balance in the country's foreign trade will be minus EUR 0.6bn (vs. minus EUR 2.3bn in 2013).
However, the ministry stressed that these estimates may change, depending on the developments in the West-Russia trade conflict.
In H1 of 2014, exports increased by 5.4% y/y to EUR 80.02bn, while imports were up by 4.5% to EUR 80.20bn (in the entire 2013, they were up by 8.0% and up by 1.9%, respectively).
Poland’s National Broadcasting Council (KRRiT) has cancelled on January 10 its own decision to fine the US-owned media group TVN PLN1.48mn (€350,000) for covering protests against ... more
Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more