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The Warsaw Voice » Business » January 30, 2014
Business & Economy
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In Brief
January 30, 2014   
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Over Half of Borrowing Needs Financed
The government has financed over 50 percent of this year’s borrowing needs after Poland’s biggest-ever T-bond auction, according to Deputy Finance Minister Wojciech Kowalczyk.

The Jan. 23 auction was the biggest in history in terms of the value of bonds sold, Kowalczyk said.

Poland sold zl.3.37 billion in two-year zero-coupon papers, zl.2.44 billion in 5-year fixed-rate papers, zl.4.13 billion in 10-year fixed-rate bonds and zl.2.19 billion in WIBOR-based variable-rate papers, on total bids of zl.18.42 billion, the Finance Ministry said.

Unemployment Up
Registered unemployment in Poland rose to 13.4 percent in December, up from 13.2 percent in November, according to the country’s Central Statistical Office (GUS). The number of people registered as jobless at the end of December hit 2.15 million, up from 2.12 million at the end of November. The figure at the end of December 2012 stood at 2.14 million.

Employers had 46,300 job vacancies in December, 9,400 fewer than in November, but 10,600 more than in December 2012.

Retail Sales Rise
Retail sales in Poland in December were 5.8 percent higher than in the same month in 2012, the Central Statistical Office said.

Reflecting a pre-Christmas shopping spree by consumers, December’s sales were 17.3 percent up on November.

In real terms, retail sales rose 5.9 percent year on year in December after a 4.2 percent year-on-year increase in November.
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