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%.
Glass wool manufacturing has resumed in Hungary after a 16-year break, as the first trial products rolled off the production line at a new thermal insulation plant built in northeastern Hungary ... more
Poland will acquire three synthetic aperture radar (SAR) satellites under a €200mn agreement with Polish-Finnish satellite operator ICEYE, the company said on May 14. The contract comes in the ... more
Erste Group acquired a 49% stake in Santander’s Polish bank for approximately €6.8bn, the Austrian lender said on May 5. The Austrian bank, the country’s largest, also agreed to purchase 50% ... more