Poland's exports to Russia decreased by around 7.3% y/y to 2/17bn since the beginning of the year till Mar 18, according to the data presented by vice-premier and minister of economy Janusz Piechocinski. The data also stand for a worsening of around 4.8pps as compared to the January-February exports, he added.
According to recently presented data by national stats office GUS, in January, exports to Russia fell by 4.1% y/y to USD 0.70bn (it constituted 4.0% of Poland's total exports at that time vs. 4.5% a year earlier).
Piechocinski assesses that exports' slowdown is a result of downward trends in the Russian economy, amplified by the crisis related to Ukraine. Also, the weakening Rubble (as of the beginning of the year) is an anti-imports factor, which is proved by the Russian customs authorities, he elaborated. According to Russian data, imports from outside the Commonwealth of Independent States (CIS) was down by 7.8% on the year.
Senior Czech judges on July 21 denounced Poland's judicial overhaul as an attack on the rule of law. With big street protests in the Czech Republic's neighbour seemingly gathering momentum – 120 ... more
Unipetrol looks to have finally got over the August 2015 fire and explosion that wrecked its steam cracker, an indispensable installation in the production of ethylene feedstock needed to manufacture ... more
Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more