Tag: GUS
Significant Labor Market Changes Expected in 2024: From Wage Increases to Immigration Reform
According to the predictions of the parties forming the new government, significant changes await Polish workers in 2024. The vision of labor market reform, outlined in the coalition agreement, focuses on striving for gender...
TSL Industry Grapples with Financial Challenges Amidst Rising Costs, Declining Demand
Wage pressure, rising fuel and energy prices, inflation and unstable interest rates - these are the challenges currently facing the TSL (transport, freight and logistics) industry. Its problems are reflected in the database of...
Polish central bank keeps rates unchanged, citing uncertainty
The Monetary Policy Council has decided to maintain the interest rate at its current level, given the uncertain global economic situation. In the Eurozone, the economic growth dynamics in the third quarter have declined...
Krakow: Active Investment Seeking Amidst Budget Deficit Challenges
Krakow is actively seeking new investments as the city embarks on several projects aimed at improving residents' quality of life. These initiatives span various sectors, including infrastructure, as evidenced by the construction of tram...
Developers in Poland face challenges due to lengthy administrative procedures and rising costs
Joanna Chojecka, Sales and Marketing Director for Warsaw and Wroclaw at Robyg Group:
The most significant challenge for developers today is launching new investments due to the elongated time required to obtain building permits. The...
High Street Fashion Shares Soar Despite Falling Demand
Shares of the 10 largest European high street fashion companies increased by 24.9 percent over the past year, with shares of the Polish company LPP rising more than shares of Inditex or H&M. The...
Poland to Create a National Bicycle Strategy
Poland is the largest country in the European Union without a national bicycle strategy. Around 20 countries in Europe have such a document, while another nine are in the process of developing one. This...
Polish Companies Increasing Foreign Investments
The majority of Polish investments are located in Europe, but the United States, India, and the Middle East are becoming increasingly popular. According to the NBP, the value of Polish direct investments abroad was...
Indonesia bans direct sales on social media
The Indonesian government has banned social media platforms from conducting direct sales. This is a blow to TikTok, as this was the second largest market for the Chinese giant. The Indonesian authorities aim to...
Housing prices are skyrocketing. Krakow is catching up with Warsaw
The increasing demand in the real estate market has its dark side – a cascading increase in apartment prices. Warsaw remains a leader in this regard, but the price per square meter is increasing...
Labor Shortages and Migration Policies: The Hidden Icebergs of the Polish Election Campaign
According to the Central Statistical Office (GUS), approximately 17 million Poles are professionally active. This significant group can potentially determine the political success or failure of numerous parties in the upcoming elections through their...
Business arrears to contractors and banks exceeded PLN 42.5 billion
Although the number of companies complaining about unreliable business partners slightly decreased in the third quarter, business arrears have significantly increased, according to data from the Debtor Register of BIG InfoMonitor and BIK. Outdated...
After the storm or before the storm? What about the exchange rate of the...
This Wednesday (04.10), the Monetary Policy Council will make another decision regarding monetary policy. After the reduction in September, we are likely expecting another one - the question is, when exactly and to what...
PMI Index has risen, but prospects for the industry remain uncertain
In September, the PMI index increased from 43.1 to 43.9 points. Despite this improvement, the situation in the European industry remains challenging. Poor performance in the manufacturing sector is now typical for most European...
War in Ukraine disrupted the development of economy and tourism in Podkarpackie. The Carpathian...
The war in Ukraine has heavily influenced business and tourism in Podkarpacie. "Enterprises near the border are feeling some unease and there is no longer such dynamic growth among them," says Władysław Ortyl, Marshal...
Supermarkets at War with Discount Stores. Price Rollercoaster Gaining Momentum in Stores.
Prices in stores are not increasing everywhere at the same rate. Interestingly, the slowest rise is happening in hypermarkets, where the year-on-year average increase is already in single digits. Other formats are becoming more...
The mood of Polish entrepreneurs continues to deteriorate
According to the Central Statistical Office (GUS), the unemployment rate in Poland remained stable at 5% in September, as expected. At the same time, the number of new unemployed increased by 1.2% in monthly...
Inflation in Poland is dropping rapidly
Per preliminary data from the Central Statistical Office of Poland (GUS), inflation in September suddenly dropped to a single-digit level, falling to 8.2 percent year-on-year. A double-digit inflation rate had been plaguing us for...
The supply of apartments is shrinking and prices are rising
In the largest cities, the availability of new apartments is dwindling, and the ones that remain are getting pricier. Experts from RynekPierwotny.pl and GetHome.pl have investigated whether there's a chance this trend could reverse...
Safe Loan 2%: A Chance for the Construction Industry
Although the market situation is extremely demanding due to the high value of money which reduces demand, the construction industry continues to be optimistic about the future. This is due to the introduction of...