Newspaper articles and WEH Kanton's articles

	2005-12-19 Foreign deficit falling In the first ten months of 2005 the trade deficit amounted to €7.3bn, as against a €9.9bn deficit during the corresponding period last year, according to preliminary data from the Polish Statistics Office (GUS). (Visited: 656) Source: PMR Ltd.
	2005-12-19 EU budget beneficial for Poland After several days of negotiations, the heads of state of from EU countries attending a summit in Brussels have managed to reach an agreement on the budget for the years 2007-2013. The compromise achieved at the summit provides for EU expenditure of €862.4bn during this period, i.e. 1.045% of the EU’s GDP. (Visited: 642) Source: PMR Ltd.
	2005-12-05 Interest rates remain unchanged At its November session, the Monetary Policy Council (RPP) left interest rates at their hitherto levels and maintained its easing bias in monetary policy, the National Bank of Poland (NBP) has announced. (Visited: 521) Source: PMR Ltd.
	2005-11-21 Foreign trade notes good results In the first three quarters of 2005 the trade deficit amounted to €6.7bn, as against a deficit of €9.2bn in the corresponding period of last year, according to preliminary data from the Polish Statistics Office (GUS). During this period, exports amounted to €51.2bn in value terms while €57.9bn worth of goods were imported into Poland. Year-on-year exports in euro terms increased by 18.5%, and imports by 10.5%. During the period under analysis trade with developing states and CEE countries recorded the highest growth. (Visited: 570) Source: PMR Ltd.
	2005-11-18 Growth in investment outlays In the first three quarters of 2005, investment outlays of enterprises employing more than 49 people amounted to nearly PLN 41.5bn (approx. €10.2bn), which translates into a rise of 7.4% in comparison with the corresponding period last year, according to data released by the GUS. (Visited: 314) Source:
	2005-10-24 Polish industrial output up in September According to preliminary data from the Polish Central Statistical Office (GUS), industrial output in September was 5.5% higher than in the corresponding month last year. Manufacturing output grew by 6.3%, mining and quarrying by 0.5%, while electricity, gas and water supply noted a fall of 0.6%. In comparison with September last year production rose in 16 of 29 industrial sectors. The highest growth was noted in the case of machinery and equipment, metal products, rubber and plastic products, wood and wicker products as well as products made from non-metallic raw materials. In turn, the biggest falls in output were noted in coke and petroleum products, leather products, and the clothing and furs sector. In the first nine months of 2005 industrial output was 2.5% higher than in the corresponding period twelve months previously. (Visited: 314) Source: PMR Ltd.
	2005-01-17 Trade deficit falls Polish exports were up almost one quarter in euro terms, to €54.3bn, after 11 months of 2004. Imports were about €65bn in the same period, according to GUS. (Visited: 1829) Source: PMR Ltd.
	2005-01-17 Chinese company starts production At the turn of 2004/2005 Chinese company EiW Industrial Development started production of bikes in Poland. It plans to build more than 200,000 bicycles in 2005. Total domestic production is 1,500,000. At the moment the firm employs a 100 people and production takes place in a rented building. The firm intends to build within the area of the Slupsk Special Economic Zone a bike production facility employing up to several hundred people. (Visited: 1818) Source: PMR Ltd.
	2005-01-10 More FDI According to the latest data from the Polish National Bank (NBP), after the first ten months of 2004 the value of foreign direct investment was nearly PLN 19.6bn (approx. €4.5bn), 57% up on the same period in 2003. This was the best result since the record set in January-October 2000, when PLN 36bn was reported, thanks to sales including the shares in Telekomunikacja Polska. However, not all the periods of last year where very good for FDI. While Q1 recorded slightly more than PLN 4bn and Q2 PLN 4.8bn, the third quarter of the year reported just PLN 1.35bn, the worst result in eight years. The situation improved in October, when France Telecom bought shares in Telekomunikacja Polska from Kulczyk Holding. (Visited: 2245) Source: PMR Ltd.
	2004-12-20 Inflation at 4.5% As in October, November prices for consumer goods and services were up 4.5% on last year. Compared to November 2003, prices of food and non-alcoholic beverages were 7.7% higher. Household related costs (utilities, furnishings and other associated expenses) were 4.2% up y-o-y, while overall transport prices increased by as much as 10.6%, the latter hike being caused largely by higher prices of fuel for private means of transport (19.1%). Economists are of the opinion that inflation rate will fall slightly in December, and then it will increase to perhaps as high as 5% in Q1 2005 as a result of hikes in regulated prices for gas and energy. After that point in time, the inflation ratio should finally fall. (Visited: 585) Source: PMR Ltd.
	2004-12-20 Interest rates the same The Monetary Policy Council (RPP) has maintained interest rates for the fourth time in a row, a move expected by analysts. However, the council underlined that the probability of keeping inflation above the inflation target of 2.5% in 2006 is still higher than it falling below this level. This is why the RPP has maintained its restrictive monetary policy bias. Analysts expect that the RPP might in a couple of months change its bias to neutral. The strong zloty and the lack of pressure on salaries argue against further interest rate rises. The RPP has also decided to shorten the period of open market operations from 14 to 7 days, a move which will have an influence on a decrease in rates of 1M and 3M deposits on the interbank market. (Visited: 569) Source: PMR Ltd.