Polish Stocks

Polish Stocks

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Polish Stocks
Polish Stocks
📢 Weekly Blast #44 (28-31Oct2024)
📢 Weekly Blast

📢 Weekly Blast #44 (28-31Oct2024)

Snapshot of actionable insights from the Polish stock exchange

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Polish Stocks
Nov 03, 2024
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Polish Stocks
Polish Stocks
📢 Weekly Blast #44 (28-31Oct2024)
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👋 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.

Here’s a simple trick to help you follow news about Polish companies:

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In case you missed it:

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Here’s my latest deep dive on a Polish micro-cap. Enjoy!

Ugly and sexy – profits don't care about looks. Taking a deep dive into a Polish small-cap. (1)

Ugly and sexy – profits don't care about looks. Taking a deep dive into a Polish small-cap. (1)

Polish Stocks
·
October 16, 2024
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In today's edition:


💲 Polish Macro

Inflation and Economic Growth

  • Consumer prices in October 2024 increased by 5.0% year-on-year and 0.3% compared to the previous month, according to preliminary data from the Central Statistical Office (GUS).

  • The Central Statistical Office revised the GDP growth estimate for Q1 2024 to 2.1% year-on-year from the previously estimated 2.0%, while maintaining Q2 growth at 3.2%.

  • The Ministry of Finance forecasts average annual inflation for 2024 at 3.7%, down from the previously predicted 6.6%.

  • The Economic Sentiment Indicator (ESI) in Poland dropped to 98.4 points in October from 102.0 points in September, according to the European Commission.

  • Consumer inflation expectations in Poland fell to 33.2 points in October from 35.8 points in September, according to European Commission data.

Employment and Labor Market

  • The number of employed people in Poland's national economy at the end of May 2024 was 15,119,200, according to GUS.

  • The unemployment rate, seasonally adjusted, was 2.9% in September, unchanged from August, making it the second lowest in the EU, per Eurostat.

  • The Warsaw region had the highest employment rate among EU regions in 2023, according to Eurostat.

  • The number of employed people in Poland's national economy at the end of December 2023 was 15,178,100, according to GUS.

Fiscal Policy and Investments

  • Foreign direct investment inflows into Poland amounted to $666 million in Q2 2024, according to OECD estimates.

  • The public finance deficit in 2024 is expected to be close to 5.7% of GDP, according to Finance Minister Andrzej DomaÅ„ski.

  • The government has approved a budget amendment for 2024, raising the maximum budget deficit from PLN 184 billion to PLN 240.3 billion.

  • VAT revenues are expected to be PLN 23 billion lower than previously forecasted, while CIT revenues will be PLN 11 billion lower, according to Finance Minister Andrzej DomaÅ„ski.

  • Two new innovation support funds will be created: a Critical Technology Support Fund with PLN 4 billion and a Digital and Environmentally Friendly Transformation Fund with PLN 800 million starting in 2025.


🛒 Insider Trading

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