Bringing convenience to clients

Bilix is the first electronic bill presentment and payment (EBPP) service on the Polish market, provided through electronic banking.

With the BILIX service, clients receive bills and invoices in electronic form directly to their bank account and can swiftly and conveniently settle payments while retaining full control over their expenditure.

BILIX offers Clients:

· time efficiency and ease of payment management,

· full control over the account balance, reliability and environment-friendliness.

Service providers who offer BILIX benefit through:

· savings resulting from giving up issuing and sending paper invoices,

· reduced costs involved in processing complaints,

· increased customer satisfaction.

The BILIX service has been awarded with the Alicja 2008 prize.

It has also won the title of Hit of the Year 2009 for Financial Institutions awarded by the IT and banking sector.

* ARC Rynek i Opinia – research conducted on a representative sample of Polish people in January 2009.

Polish Market

ECONOMIC MONITOR

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• ● In December 2009 and January 2010, as in previous months in the second half of 2009, the Polish economy stood out against other countries in terms of GDP growth. Poland’s economic growth was higher than projected and higher than in other European countries.
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• In 2009 construction output increased by 3.7%.
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• Retail sales increase in most product groups.
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• On the Warsaw Stock Exchange, stock prices were very volatile in January 2010.
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• At the end of December 2009 the registered unemployment rate (claimant count rate) amounted to 11.9% versus 11.4% in November.
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• At the end of January the president signed the 2010 budget bill into law. The bill was adopted by the parliament on December 18.
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• In the fourth quarter of 2009 the Polish economy turned out to be more resistant to the global crisis than had been projected and than the economies of Polish neighbours, something which boosts optimism in forecasts for 2010 and the next years.
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PODCAST

• Why do Israeli property developers pick Poland?

• New Polish president’s economic priorities

• Storm over homoerotic art show at Warsaw’s National Museum

• Poland’s new president Bronislaw Komorowski: a pragmatic, pro-business, euroenthusiast

• Poland and OECD innovation strategy

• How to make the Polish economy more innovative?

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18th International Defence Industry Exhibition >>

WEEKLY MARKET ANALYSIS

Retail sales up again in June
Retail sales growth in nominal terms accelerated in June to 6.4% y-o-y from 4.3% y-o-y in May. The increase was higher than expected. In real terms, retail sales growth accelerated to 4.5% y-o-y from 2.0% y-o-y. June was a consecutive month with retail sales figures stronger than expected, which indicates that consumption is recovering after it slowed significantly at the beginning of the year. Private consumption is driven by an improvement on the labour market coupled with a rise in disposable incomes. In Q2 2010 retail sales grew by around 3% y-o-y in nominal terms and around 1% y-o-y in real terms. On the basis of retail sales and industrial production data, it can be estimated that the GDP growth rate was close to 3%.

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