Sales revenue of Polish enterprises continued to diminish in Q1 albeit at a more moderate pace, while their profits' drop was less steep than at the end of 2012, according to a report by the National Bank of Poland (NBP). In some sectors, enterprises reported improvements of their profits in quarterly terms.
The central bank noted that, similarly to the previous few quarters, revenues drop resulted from shrinking domestic sales, while exports-related revenue continued to grow - even at a higher pace. The situation of exporters is still better than that of other enterprises, NBP stressed.
At the same time, the fall of employment in the entire sector accelerated in Q1 2013 as compared to Q4 2012, while wages dynamics remained slightly positive. As for investments, they continued to decrease in Q1 but at a much less dynamic pace than in Q4 of 2012, the central bank concluded.
Poland will not comply with the Court of Justice of the European Union’s injunction on logging in the ancient Bialowieza Forest, a newswire report claimed on August 4. Warsaw’s stance in ... more
Polish financial market regulator KNF on August 2 gave Raiffeisen Bank International (RBI) a new deadline of May 15, 2018 to float 15% of its Polish unit. Under the terms of its purchase of the ... more
Manufacturers in Central Europe reported a step back in activity and confidence in July, purchasing managers’ indices (PMI) released by IHS Markit on August 1 showed. While, the indicators still ... more