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).
Credit rating agency S&P on April 24 suspended the B/B rating of major Polish debt recovery firm GetBack, ... more
Poland broke EU law by increasing logging in the ancient Bialowieza Forest under a pretext of fighting spruce beetle, the Court of Justice of the European Union (CJEU) ruled on April 17. The ... more
Standard and Poor’s raised its outlook for Poland from stable to positive on April 13, while maintaining the country’s rating at BBB+. The raising of the outlook is based on ... more