Foreign financial investors will probably come in vast numbers to emerging markets, including Poland, due to their rising attractiveness as compared to the assets on core markets, according to the institution's economist Magdalena Polan. Goldman Sachs' Warsaw office director Artur Tomala expects H1 of 2011 to see stabilization on emerging capital markets, while H2 and the entire 2013 should see positive developments. Polan pointed out that foreign investors assess highly Polish bonds and equities and are able to differentiate Poland's economic potential from that of other CEE countries. Goldman Sachs forecasts Poland's GDP growth at 2.0% in 2012 and 3.3% in 2013 (vs. seasonally-unadjusted growth of 4.3% in 2011). The institution expects interest rates to remain unchanged throughout 2012-2013. |
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