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26th June 2008 - Unemployment falls and labour productivity rises
In May, the unemployment rate in Poland fell to 10%, a half a percent drop from April. The current number of unemployed in Poland stands at 1.5m, according to the central statistics office.
The same office also reported a 4.9% rise in Poland's labor productivity year-on-year in the January-May period.
The average employment rate increased by 3.5% in the period in question, while gross wages grew by 11.0%. more »
9th June 2008 - Ernst & Young ranks Poland most attractive destination for foreign investment in Europe
The "European Attractiveness Survey" ranked Poland top in Europe as a potential investment location (18%), ahead of Germany (16%), Russia (12%), France (11%), Romania (10%) and the UK (9%).
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2nd June 2008 - EU funds boost Polish economy
During April 2008, EU structural funds totalling almost 700m PLN were paid out to recipients in Poland, according to the Ministry of Regional Development.
In total, almost 25bn PLN (more than 80% of the total) has been paid to Poland from the 2004-2006 structural fund program. more »
29th May 2008 - Central bank of Poland leaves interest rates unchanged
At it's monthly sitting for May, the monetary council of the National Bank of Poland elected to hold official interest rates at their current level of 5.75%. The council is still concerned over possible inflationary pressures in the Polish market (related to energy and food), a worsening relationship between wage growth and productivity, the continued strength of the Polish zloty and a possible future slowdown in GDP growth. For these reasons, the council will keep its bias on the side of further tightening of rates over the course of 2008. more »
24th April 2008 - GDP growth in Poland reached 6.5% in 2007
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18th April 2008 - Unemployment in Poland set to drop below 10% by mid-2008
According to the Labor Minister Jolanta Fedak, the government is hoping that Poland's unemployment rate will fall below 10% in 2008.
The number of unemployed stood at 1.707 mln at end-March, 72k below end-February levels. more »
14th April 2008 - Poles returning from UK & Ireland
Research data shows that the number of Poles emigrating to Britain and Ireland is falling, and that many of those already in these countries are coming home or planning to in the near future. more »
8th April 2008 - Poles working overseas send home 20bn PLN in 2007
According to the Polish central bank, the transfers to Poland were up from 17.5bn PLN in 2006, and almost double the amount repatriated in 2004. more »
12nd February 2008 - Poland\'s average wage grew 8.6% in 2007
According to Poland's statistics office, the average monthly wage in Poland was 8.9% higher year on year to 2899 PLN in the fourth quarter of 2007.
In quarter on quarter terms, the rise was 7.2%
Over the whole of 2007, the average wage closed at 2691 PLN, 8.6% higher than in 2006.
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25th January 2008 - 14.5 million tourists visited Malopolska (of which Krakow is the capital) in 2007
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25th January 2008 - Traugutta 20, our first exclusive development in Krakow
PKG Real Estate is pleased to present the details of a new and exclusive offer in central Krakow.
Located in the historic district of Podgórze, close to the banks of the Vistula River, the development is located on a quiet and well-established residential street, ul. Traugutta.
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24th January 2008 - New long-term rental apartments available in prestigious ANGEL PLAZA development
Yesterday, we uploaded six new rental offers in Krakow on our website. All aparments are located in the brand new development called Angel Plaza on ulica Zwierzyniecka, just behind the Sheraton Hotel and next to the river and Wawel Castle. more »
23rd January 2008 - Krakow\'s booming office market
A article from the Warsaw Business Journal (www.wbj.pl) highlights the buoyant office rental market in Krakow. At present, demand for office space in the city exceeds supply. There is more than 20 new office buildings in development or under construction within the city. Krakow has seen growing demand for office space, particularly since EU accession – large international companies such as IBM, Motorola, Comarch and Cap Gemini have already established service centres in the city. more »
20th December 2007 - Investment attractiveness of Polish Regions, report December 2007
In it's annual report titled 'The Attractiveness for investment of the voivodeships and sub-regions of Poland', the Gdansk Institute for Market Economics has once again placed the region of Slask (largest city, Katowice) in first place, with Malopolska (Krakow) in fourth place. The report is based on an assessment of the regions in terms of their attractiveness for investments by business enterprises in the industrial, service and advanced technology sectors. more »
19th December 2007 - Rents on the rise in Krakow
Independent data from a major Polish property portal confirms that while apartment purchase prices in Krakow have stabilised in the second half of 2007, rents are on the rise more »
12nd December 2007 - The rise of BPO in Krakow
Business Process Outsourcing (BPO) is an increasingly important source of economic growth in the Central and Eastern European (CEE) region, and Krakow is emerging as a leading destination for businesses involved in this field. more »
22nd October 2007 - New government for Poland
The opposition Civic Platform (PO) won yesterday's parliamentary elections and is set to have secured an outright majority in the lower house, the Sejm.
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30th August 2007 - Poland Most Attractive Location for Investment
Poland received the highest work force rating amoung 31 European countries in a recent survey more »
10th August 2007 - Polish wages increase by 8.9% in 2nd quarter 2007
Poland's average wage grew by 8.9% in the 2nd quarter of this year to 2644 PLN (approx 700 EUR). more »
11st July 2007 - Poland 7th most attractive destination in the world for foreign investment
According to the 2007 report issued by Ernst&Young, Poland is the seventh most desirable country in the world for foreign investment, behind such superpowers as China and the USA. In Europe, Germany and Great Britain rank more highly, but Poland is without doubt the most attractive destination for investment in Central and Eastern Europe. more »
11st July 2007 - Polish residential market prices - the situation in May
According to the monthly report from the consultancy Rednet, the average price in Krakow at the end of May stood at 7993 PLN per m2, an increase of 7.8% over the price in April, and the first significant rise in prices in Krakow since prices stabilised at the start of 2007. more »
6th June 2007 - Disposable income for Poles grew by 8.5% in 2006
According to data collected by the Polish government's statistics office, the nominal monthly disposable income for Polish households rose by 8.5% year on year in 2006 to PLN 835 per capita
Average monthly household spending, in turn, amounted to PLN 745 per head, up some 6.8% y/y in real terms.
The structure of household spending shows an increase of expenditure on energy, textiles and footwear, recreation and culture and a decrease of expenses on food and non-alcoholic beverages. more »
27th April 2007 - Rents on the rise in Poland
According to the website szybko.pl, rents for small apartments are rising in the major Polish cities. More than 1000 PLN per month is now the norm for a one-room (studio) apartment in Warsaw, Krakow and Wroclaw. The rapidly rising purchase prices for real estate in Poland is pricing many Poles out of the market and contributing to a higher number of prospective tenants, hence higher rental prices. more »
18th April 2007 - Poland and Ukraine to host Euro 2012 football championships
Following a vote in Cadiff today, Poland and Ukraine were the successful winning bidder to host the European football championships in 2012. Matches in Poland will be played in Krakow, Warsaw, Poznan, Wroclaw, Gdansk and Chorzow more »
16th April 2007 - Residential market prices in the Polish market, March 2007
According to market research carried out by the consultancy Rednet, the average residential property price for Krakow in March stood at 7333 PLN (1900 EUR) per m2. more »
30th March 2007 - Standard & Poors increases rating for Poland
In a vote of confidence for the Polish economy, Standard and Poors (S&P) has upgraded it's country rating for Poland, noting the countrys 'strong and balanced growth prospects'. Poland's growth is currently the fastest in a decade, and inflation is the lowest of any EU nation. Both the Warsaw stock exchange and the Polish zloty strengthened on the news. more »
20th March 2007 - Polish Wages increasing rapidly
Poland's average corporate gross wage measured PLN 2,687.48 in February, a gain of 6.4% y/y and a 0.9% gain month on month, the stats office GUS informed Thursday.
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15th February 2007 - Kamienice Herbowe / Noble Residences
We have just added details of a new development in the centre of Krakow to our website. more »
13rd February 2007 - VAT rate on residential new builds agreed
VAT rate for the majority of new build residential developments will be held at 7% more »
13rd February 2007 - Boom time in Poland
GDP growth in Poland was the highest for a decade and prospects look good for 2007 more »
13rd February 2007 - Krakow is Europes No.1 property hot spot
Report by The Royal Institution of Chartered Surveyors shows Krakow as the city with the most capital growth in property prices out of 26 European cities. more »
11st February 2007 - Market Update
Update from the Warsaw Voice newspaper on the current state of the property market in Krakow more »
30th January 2007 - Polish GDP growth of 5.8% in 2006, prediction of 5.4% for 2007
Strong economic growth in 2006 (up from 3.5% in 2005 and the highest growth in 9 years) resulted from increased consumer spending and rising exports, with investment spending also a major contributor.
The predicted GDP growth rate of 5.4% in 2007 is to be driven by domestic demand.
more »
5th January 2007 - Wislane Tarasy (Vistula Terraces) New Release of Apartments and Planning Approval Obtained
Hot Off The Press! The developer has obtained planning approval for the project, so preliminary agreements will be signed in February with construction due to start in March. We have a brand new batch of apartments which have just been released for sale, and many of them are the best in the development, on the top floors with large terraces and views over the Wisla River, Kazimierz and Old Town. Contact us for more details, as these apartments are not expected to last long. Signing a reservation agreement and paying 5000 PLN will guarantee the apartment until the preliminary agreement is signed in February. more »
15th December 2006 - Poland to get EUR11.2bn in EU subsidies in 2007
The European Parliament has adopted the final draft of the 2007 budget, which will see Poland receive EUR11.2bn in subsidies against a contribution of EUR2.8bn. Up to 40% of the EU's structural funds will go to the new member states in 2007, compared to 23% in 2006. Poland will be the greatest beneficiary of regional funds, and is expected to receive up to 18% of the total pool. more »
13rd December 2006 - Labour shortage currently the biggest barrier in Polish construction
According to Construction employers the Polish construction industry is currently short at least 150,000 workers and unless construction firms raise their wages there is a possibility of a crash (Polish Construction review issue no. 50)
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8th December 2006 - More VAT news for Polish property
The ministry of finance is currently planning to introduce a two tier VAT rate which will be related to the purchase of new residential property in Poland of 7% and 22%
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8th December 2006 - New zoning plan for Krakow in the pipeline
According to the Krakow Gazetta Wyborcza, Kraków’s authorities have announced that they shall be preparing a zoning plan allowing residential developments over a combined area of 600-ha of the city more »
4th December 2006 - Government issues economic growth forecasts
As part of it's updated Euro Convergence program, the government has given it's predictions for Polish ecnomic growth. The economy will grow by 5.4% in 2006, 5.1% in 2007 and 5.6% in 2008. more »
27th November 2006 - Polish Unemployment down again.
Unemployment in Poland falls again. New official figures show 14.9% in October. more »
23rd November 2006 - Google R&D centre to open in Krakow
The investment in Krakow is to be Google's first R&D center in Central Europe and its 10th largest in Europe. more »
15th November 2006 - Another New Shopping Centre for Krakow
Another new shopping plaza come office space development and entertainment centre is to be built on the site of the old Bonarka chemical works more »
13rd November 2006 - Reviatlisation programme for Krakow\'s Zablocie District Approved.
The city council of Krakow have approved a revitalisation plan of the previously industrial Zablocie district. Local authorities plan to use EU money to regenerate this area into an elegant district. more »
9th October 2006 - Real Estate Funds to boom in Poland
Currently at 1.7bn PLN, assets of Polish based real estate funds are expected to double in 2007 more »
28th September 2006 - Property taxation changes loom in 2007
Changes to capital gains tax on property sales and VAT on new-build developments are scheduled for 2007. Potential investors should read this information carefully! more »
3rd August 2006 - Toyota increases investment in Poland
Toyota will increase it's production of manual transmissions in Poland through a new investment of 145m EUR. more »
27th July 2006 - Brain Drain over exaggerated according to Ministry.
Polish ministry of Labour claims that 'Brain Drain' of skilled Polish workers have been over exagerated. more »
26th July 2006 - Unemployment down to 16%
Unemployment in Poland fell from 16.5% to 16% according to Polands general statisitic office. more »
25th July 2006 - New double taxation treaty signed between Poland and UK
A new double taxation treaty has been signed between the governments of the UK and Poland superseeding the previous agreement signed in 1976. more »
24th July 2006 - List of Major investors in Poland
Please click more and copy and paste link to view major foreign investors in Poland as of December 2005. more »
18th July 2006 - Zloty weaker on war outbreak
According to Bartosz pawlowski of ING Bank the Zloty is expected to decline in value to around the 4.02-4.06 mark owing to war in the Middle East. more »
17th July 2006 - Interest rate changes unlikely in inflation remains on target.
According to Czekaj, there is no need for moves in the monetary policy in the near future. He believes that June inflation rate of 0.8% was a good signal for the economy and that an inflation rate of 1.5% can be expected at year end. more »
14th July 2006 - New Government to be sworn in today
The new government sworn in today at noon will be almost the same as the cabinet of Kazimierz Marcinkiewicz. more »
13rd July 2006 - Positive report on Polish Economy from OECD
According to the latest report from the OECD, the Polish economy is performing much better than a few years ago, although there is still much work to be done. more »
5th July 2006 - New rail Open from Balice to City Centre
Pope opens new high speed rail link connecting Krakow's international airport, Balice, with the city centre in just 15 minutes. more »
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