Poland

Poland’s industrial production unexpectedly contracts in August

Wojciech Kosc in Warsaw September 20, 2019

Car manufacturing and output in the refining industry drove the contraction, which was not anticipated by analysts.

Saudi Arabia restores 2mnbpd out of 5.7mnbpd following drone missile attack

Ian Simm in Edinburgh September 18, 2019

Saudi Arabia has already restored 2mn barrels per day (bpd) of oil production from the 5.7mnbpd that were knocked out by last weekend’s drone and missile attack on its largest production facilities at Abqaiq and Khurais.

Poland and Lithuania say Nord Stream 2 is energy security threat in CEE region

Wojciech Kosc in Warsaw September 18, 2019

Warsaw and Vilnius fear Moscow will use the pipeline as a geopolitical tool against the region, Ukraine in particular.

Poland hints at stopping purchases of Russian gas altogether

Wojciech Kosc in Warsaw September 18, 2019

Poland finally has the infrastructure to reduce dependence on Russian gas, after it built an LNG terminal in the western town of Swinoujscie.

Tehran Blog: Who bombed Saudi Aramco’s sites?

bne staff in Tehran September 17, 2019

The missile attack on Saudi Arabia’s Aramco facility in the east of the country on September 15 has become ensnared in a whodunit of confusion and speculation as accusations fly over who was really behind the rocket attack.

NEWSBASE: The attacks on Saudi oil infrastructure are the oil industry's 9/11

bne IntelliNews September 16, 2019

The attacks on Saudi oil infrastructure could turn out to be the oil industry’s 9/11. Reacting to the news, JP Morgan said: “Clearly oil assets have been massively mispriced. The assumption that production facilities are secure is wrong."

Polish CPI growth remains at 2.9% y/y in August

bne IntelliNews September 14, 2019

Inflation is now expected to hover at around 3% y/y until the end of the year before peaking at 3.7-3.8% y/y in the first quarter of 2020.

Kaczynski’s “hat trick” latest in slew of PiS promises ahead of key election in Poland

Wojciech Kosc in Warsaw September 9, 2019

PiS is campaigning heavily before the October 13 general election in Poland that the incumbent party hopes to win big in order to secure the domination it gained in 2015.

Polish PMI rises to three-month high in August

bne IntelliNews September 4, 2019

The indicator’s growth attests to the easing of the overall pace at which business conditions deteriorated in August, reflected in slower declines in output, new orders and employment, IHS Markit said.

Polish economic growth weakens in Q2 but remains solid

bne IntelliNews September 2, 2019

Domestic demand drove the headline result in April-June, accelerating its growth pace to 4.8% y/y versus 4.2% y/y in the first quarter, while investment growth weakened.

Poland remembers World War Two: reconciliation and resentment

Wojciech Kosc in Warsaw September 2, 2019

The war, which left Poland in ruins and with 6mn dead, continues to influence politics in the Twitter era — reinforcing reconciliation but also fuelling resentment.

Polish CPI eases expansion to 2.8% y/y in August, flash estimate shows

bne IntelliNews August 30, 2019

August was the first month to see inflation weaken after half a year of gradual acceleration.

BRICKS & MORTAR: Corporates turn to flexi workspaces in battle for talent

Clare Nuttall in Glasgow August 30, 2019

Flexible workplaces and co-working spaces, originally the domain of creatives and solo entrepreneurs, are increasingly attractive to larger companies in their quest to attract and retain talent.

Polish government tables no-deficit budget for 2020

Wojciech Kosc in Warsaw August 28, 2019

First budget in three decades without a deficit drafted for next year — but critics say it will be amended after this autumn's general election.

Europe still has East-West divide in waste generation

bne IntelliNews August 26, 2019

Despite the recent consumer boom, all but one of the eastern EU members produces less waste than any western member, a new study from Eurostat shows.

Popularity of Poland’s PiS hit after media reveal deputy justice minister orchestrated smear campaign against judges

Wojciech Kosc in Warsaw August 25, 2019

Should more polls confirm the dent in PiS’ popularity, the ruling party might face not winning an outright majority — which it enjoys now — in the general election due on October 13.

Polish retail sales accelerate growth to 5.7% y/y in July

bne IntelliNews August 22, 2019

While below market expectations, the expansion in July is in line with Poles’ increased consumer spending that is driven by the good situation on the labour market, low unemployment and growing wages in particular.

Poland’s industrial production rebounds in July

Wojciech Kosc in Warsaw August 22, 2019

The July growth follows a decline in June – the first in three years – that was due to fewer working days and surging temperatures. The July data suggest “stable GDP growth in the third quarter,” according to ING.

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