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INVEST IN POLAND

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Bank Millennium

REKLAMA

Polish Market

ECONOMIC MONITOR

• As in other “new” EU countries, the slowdown in economic growth visible in Poland in the first half of this year was milder than in the euro zone and the United States.
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• Industrial production growth in May was lower than expected, however not due to diminished demand for products but because of two bank holiday weekends.
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• In June 2008 the outlook for the manufacturing sector was positive
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• The successive months of 2008 show that the present high growth in construction can be sustained provided that barriers hampering the sector are gradually removed.
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• Services – a fast-rising economic sector.
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• The first half of 2008, especially the 2nd quarter, witnessed rising consumer prices.
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• Exports, imports down
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• Employment up, unemployment down
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• Budget deficit in first half of 2008 smaller than last year
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• The National Bank of Poland inflation report contains economic policy recommendations for the coming years.
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PODCAST

• What lengths will John Cleese go to to get a loan at a Polish bank?

• Nowa Huta sells Stalinist architecture

• Sky-high property prices for immigrant Poles in UK

• Polish nurses for ageing Israelis

• Get gothic in Torun

• Polish Market against climate change

COMING UP

Banking Top Management Forum >>

17th Bayer and UNEP International Children's Painting Competition >>

WEEKLY MARKET ANALYSIS

• No important macroeconomic data for Poland will be published this week. The Polish financial market will be influenced by base markets. The most important developments this week will be decisions on interest rates to be taken on Thursday by the European Central Bank and the Bank of England. We expect the two banks to keep interest rates unchanged, with the key rate at 5.00% in Britain and 4.25% in the euro zone.
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MARKET INFO

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