📢 Weekly Blast #37 (09Sep-13Sep2024)
Snapshot of actionable insights from the Polish stock exchange
👋 Welcome to the Weekly Blast - a snapshot of actionable insights from the past week you don't want to miss: recommendations, insider trading, company updates, significant contracts for small & mid caps, M&A activities, upcoming events and trends.
In case you missed it:
In today's edition:
💲 Polish Macro
Economic Indicators:
Consumer prices in August increased by 4.3% year-on-year and 0.1% month-on-month, according to the Central Statistical Office.
In July, the current account deficit amounted to 1,462 million euros, and Germany's share in Polish exports decreased to 26.9%.
The future inflation index dropped by 0.2 points in September, and the monthly economic sentiment index fell to 98.0 points.
Labor Market:
The minimum wage in 2025 will increase to 4,666 PLN, and the minimum hourly rate will rise to 30.50 PLN.
At the end of the second quarter of 2024, the number of Employee Capital Plans participants reached 4.13 million.
The estimated registered unemployment rate in August 2024 was 5.0%, the same as the previous month.
Government and Central Bank:
The National Bank of Poland filed notifications to the prosecutor's office about suspected crimes committed by the Speaker of the Sejm and the chairman of the Constitutional Accountability Commission.
The Council of Ministers adopted a draft amendment to the Act on Value Added Tax and some other acts to simplify administrative obligations for small businesses operating in various EU countries.
The government discussed a draft amendment to the act on additional indexation of pensions and will return to its proceedings if there is a risk of exceeding 5% inflation.