Poland's registered unemployment rate amounted to 14.0% at the end of January of 2014, i.e. it was up by 0.6pps from the previous month, but was still 0,2pps below the level reported a year before, according to the data of national stats office GUS. Thus, the figure was also in line with the estimates (based on job centres' data) by the labour ministry.
At the end of January, the unemployed number amounted to 2,260.7 thousand, i.e. it was higher by 4.8% than a month ago (but down by 1.5% y/y).
The number of newly registered unemployed in January of 2014 amounted to 269.2 thousand vs. 230.2 thousand a month earlier and vs. 317.9 thousand a year ago.
The 2014 central budget law stipulates for registered unemployment rate at 13.8% at the end of 2014. According to most forecasters, a significant decline of the jobless rate will not start this or next year yet. However, PM Donald Tusk recently expressed his hope that the ratio would end this year at below 13.0%.
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
Banco Santander may offload part or all of its holding in Santander Bank Polska, people “familiar with the matter” told Bloomberg on April 8. The considerations come as Spain’s largest ... more