Poland's statistics office estimated that the grey economy generated 13% of the country's GDP in 2010, up by 1.3pps from 2009, Gazeta Prawna reported. The number of illegally working persons is over 1.4 million. The sectors that are believed to have the highest share in the illegal economy are trade, repair services, food manufacturing, tourism and construction. |
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