New data on exports and imports for the period from January to November 2023 have been published on the website of the Polish Central Statistical Office. From January to September 2023, merchandise turnover in foreign trade reached PLN 1,204.2 billion in exports and PLN 1,160.5 billion in imports in current...
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The construction of a car tunnel connecting the island of Usedom with the Polish mainland is nearing completion. According to the General Directorate for National Roads and Motorways (GDDKiA) in Szczecin, all structural work has been completed. At present, the asphalt is still being laid on the two-lane carriageways. The...
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Industrial production grew by 2.6 percent in January, as the Central Statistical Office (GUS) reported. Compared to the previous month, December (1.0 percent), this represents a higher growth rate. However, analysts point out that this accelerated growth was generated only by the energy-producing sectors and mining. By contrast, the manufacturing...
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After years of boom in the residential real estate market, housing development companies sold only 40,900 new homes in the country’s seven largest cities last year, according to Poland’s largest real estate portal Otodom. This is the lowest annual figure since 2014 and represents a decline of 35 per cent...
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Industrial production increased by 4.6 per cent year-on-year in November. Compared to the previous month, growth was 2.9 per cent, according to the Central Statistical Office (GUS). Although the positive result was well above market forecasts, the majority of analysts do not see this as a reason for an optimistic...
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Ukrainian citizens founded 10,207 companies in Poland in the first three quarters of this year, reports the Polish Institute of Economics (PIE). There has been a dynamic upward trend since the beginning of the war in Ukraine. While only 188 companies were founded in January, as many as 2273 companies...
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Industrial production increased by 6.8 per cent year-on-year in October. However, it decreased by 0.7 per cent month-on-month, the Central Statistical Office (GUS) announced. Growth was registered in 25 of 34 industry groups. The automotive sector again took the top spot with 41.7 per cent. As in the previous month,...
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Surprisingly positive and clearly above analysts’ expectations were the industrial production data in September. According to the Central Statistical Office (GUS), the value of sold industrial production was 9.8 per cent higher than in the same period last year. Compared to the current month, the growth rate was only slightly lower....
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In January-July 2021, exports in Poland increased by 26.0% and imports by 27.8% compared to the same period in 2020. According to the Polish CSO, “foreign trade goods turnover amounted to PLN 726.9 billion in exports and PLN 712.7 billion in imports in current prices. The positive balance was at...
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The German-Polish Chamber of Industry and Commerce (AHK Poland) has for the first time published a German-language ‘Economic Profile Poland’, which provides answers from A to Z. Over 36 pages it is very descriptive and provides the most important numbers, facts and background information regarding the Polish market. The ‘Economic...
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