Poland's unemployment rate as measured by the quarterly Labour Force Survey (LFS) decreased in quarterly terms in Q2 of 2014 (after rising by 0.8pps q/q a quarter earlier) to 9.1% from 10.6% in Q1 of 2014, according to national stats office GUS. A year before, the rate was 10.4%.
The number of the unemployed persons decreased to 1,585 thousand from 1,846 thousand in Q1. The number of employed persons rose to 15,793 thousand (vs. total population aged 15 and above of 30,968 thousand) from 15,573 thousand a quarter earlier, while the number of economically inactive persons inched down to 13,589 thousand from 13,613 thousand, respectively.
The professional activity ratio was unchanged q/q at 56.1%, while the employment ratio increased to 51.0% from 50.2%.
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
The Polish parliament on November 24 passed a bill that bans retailing on the first and last Sunday of each month. The passing of the law – which still has to be reviewed by the Senate and ... more
The European Parliament adopted a resolution on November 15 calling on the EU Council to launch the so-called “nuclear option” against Poland to punish Warsaw for its alleged abuse of the ... more