Poland
Brussels moves forward procedure to ensure political independence of Polish judges
The European Commission has given Poland two months to change the new disciplinary regime imposed on the country’s judges by the ruling PiS party.
Growth of Polish retail sales slows down in June
The reading marks a slowdown of 1.9pp in retail turnover growth in comparison to y/y expansion recorded in May, seen by Erste analysts as a result of the calendar effect.
VISEGRAD BLOG: Poland’s PiS pays for domestic antics with marginalisation in Europe
Ex-PM Beata Szydlo failed twice to be elected head of the European Parliament’s committee on employment and social affairs in what seems to be the result of the ruling PiS's anti-EU sentiment in domestic politics.
COMMENT: Southeast Europe the growth star in CEE banking, but the profit pool is elsewhere
The core message for bankers and investors active in the CEE region should be: close to old records, potential for more but watch out for late cycle phenomena.
Polish inflation accelerates to 2.6% y/y in June
Inflation is expected to moderate in the second half of the year with the Polish Monetary Policy Council to remain dovish.
Central European economies decouple from Eurozone slowdown
Economists from wiiw have revised upwards their forecasts for Central and Southeast European economies as wage-driven growth has stopped them from following the eurozone into a slowdown.
Huawei pledges up to €705mn in Polish investments
The pledge appears to have come to ease the tension between Huawei and the Polish government after an employee of the company and a former Polish security official were arrested earlier this year on espionage charges.
Central, Eastern and Southeast European sovereigns to return to debt markets on large scale in 2020, Raiffeisen says
Governments of Central and Southeast Europe have already secured most of the funding they need for this year, but with more obligations maturing in 2020 they are expected to return to the markets on a large scale next year
Poland’s unemployment rate drops to 28-year low of 5.3%
Record-low rate results in fast-growing wages and buoyed consumer confidence, making household consumption a key driver of economic growth.
Rainbow flag flies over CEE, but attitudes to LGBT vary vastly
North Macedonia held its first ever gay pride march on June 29 with up to 1,000 people attending the event. There were pride marches in nearly all the CEE countries but the experience in each country is vastly different.
BRICKS & MORTAR: Romania, Poland top destinations for new retail parks in CEE
The retail park market is still in its infancy in CEE compared to Western Europe, says a report from Cushman & Wakefield, leaving plenty of room for catch-up growth, especially in smaller cities.
Poland’s PMI falls to a four-month low in June
The indicator’s fall attests to the continuing deterioration of business conditions at Polish manufacturers, said IHS Markit which compiles the index — though industrial growth remained strong at the start of the year.
Seven New Europe members of PACE walk out in protest against Russia’s readmission
The decision has split the Council down the middle. Almost all of the western European members voted overwhelming to allow Russia back in. However, countries close to the Russian border voted against readmission.
Poland’s Supreme Court reform breaches EU law, the bloc’s top court rules
Poland dropped the contested changes in December, but the European Commission pressed on with the case to enshrine in the EU’s legal order that any member state’s tinkering with the independence of the judiciary must be contained.
Polish retail sales ease y/y growth in May after Easter surge
The slowdown was expected after sales spiked the previous month because of Easter but still is in line with Polish households’ general inclination towards increased consumption.
Polish industrial production eases growth rate to still solid 7.7% y/y in May
The headline figure is 1.5pp below the unadjusted figure recorded the preceding month but still attests to the Polish industrial sector’s stubbornness to give in to negative trends in the external environment.