Polish Women's Congress

The Polish Women's Congress took place in Warsaw on June 20-21. The event was held under the slogan "Women for Poland. Poland for Women". The event was organized with the involvement of top women from Polish public life: economics, politics, business, art and science.

The congress gathered over three thousand women discussing barriers they face in different aspects of both public and professional life.

The list of participants of the Congress included women representing the capital market environment: Maria Dobrowolska (head of the Brokerage House Chamber), Anna Nietyksza (CEO of Eficom), Elżbieta Pustoła (head of the KDPW), Beata Stelmach (head of SEG), as well as Sonia Wędrychowicz -
Horbatowska (deputy CEO of Citi Bank Handlowy).

The discussion met with interest from the audience. Over 60 women declared their interest in participating in trainings regarding the stock exchange to broaden their knowledge on that topic. The Warsaw Stock Exchange intends to launch such courses in short time as a part of education schemes. (WSE)

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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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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