📢 Weekly Blast #41 (07-11Oct2024)
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 Growth and Development
The Polish economy grew by 0.1% in 2023, according to revised data from the Central Statistical Office.
Analysts expect about 120,000 new apartments to be completed in 2024 and 2025.
Poland's housing saturation rate is expected to reach about 522 units per 1,000 people by 2040, slightly above the EU average in 2023.
Financial Markets and Banking
BGK received 500 projects from local governments worth over PLN 2.2 billion for green city transformation loans.
The National Bank of Poland reported an increase in official reserve assets to €195.308 billion in September.
The Monetary Policy Council may lower interest rates in early Q2 2025 if inflation forecasts show stable decline.
Trade and Industry
Retail sales in Poland increased by 0.7% year-on-year in August, following a 1.2% rise in July.
Exports from Poland to Germany fell by 3.3% in August after previous declines in July and June.
The main barrier for businesses in October was high labor costs, according to a survey by the Polish Economic Institute.