Poland’s Manufacturing PMI increased to 56.1 last month from 54.4 in November, the strongest expansion in factory activity in 5 months, beating market forecasts of 54.1, largely driven by further improvement in new orders and production according to IHS Markit.
The National Bank of Poland, or NBP, unexpectedly raised its benchmark reference rate by 40bps to 0.5% on Thursday (Oct. 6) surprising markets who expected no change in borrowing costs until at least the first quarter of 2022.
The Warsaw Stock Exchange (GPW) Management Board and the Central Bank of Armenia (CBA) signed on Sep.18 a term sheet concerning negotiations to purchase 65% majority interest in the Armenia Securities Exchange (AMX) by GPW. The agreement is not binding.
Poland has approved new rules aimed at making it difficult for non-EU investors to take over domestic strategic companies flattened by Covid-19.
Many multinational companies offer consumers in Poland food of lower quality and with different ingredients than on Western markets, Rzeczpospolita daily reported, citing Poland's Central Auditing Office (NIK).
The Polish economy, which avoided recession during the global downturn of 2009, is set to grow over 4 percent this year, Jerzy Kwiecinski, the country’s investment and development minister told Radio Poland.
In September last year, index provider FTSE Russell announced the upgrade of Poland’s market status from emerging to developed as part of the September 2017 FTSE Country Classification annual review of markets.
Polish cosmetics are becoming a worldwide hit.
Polish President Andrzej Duda on Tuesday ratified a bill which allows the justice minister to to replace judges in the country's ordinary courts.