Polish cinema posters on show in Warsaw Old Town

Posters for over 100 most famous Polish movies produced over the last century by world-acclaimed directors like Andrzej Wajda and Krzysztof Kieślowski are on display at an outdoor exhibition on Krakowskie Przedmieście Street in Warsaw till July 17.

The exhibition ‘100 years of Polish film. 1980-2008’ was organized by the Polish Film Institute, Museum of Cinematography in Łódź and National Film Library. It tells the history of Polish cinema through posters and not only. There are quotes from movies, press reviews and interviews with the directors in Polish, English and German. The exhibition was already presented in Germany and is going to Czech Republic, Turkey and Bulgaria.
Photo: Snapshot from ‘Pociąg / The Train’ directed by Jerzy Kawalerowicz, courtesy of organiser

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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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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