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The Warsaw Voice » Business » May 7, 2015
Business & Economy
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In Brief
May 7, 2015   
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ECONOMY
The International Monetary Fund has upgraded its 2015 GDP growth forecast for Poland to 3.5 percent, due to factors including more robust projections for countries are that Poland’s main trade partners. The IMF has also revised upward its forecasts for developed economies (including the eurozone), while revising downward its projection for Russia, which is expected to be hit by a 3.8 percent recession.


TRADE
Trade between Poland and Germany totaled a record 79 billion euros last year, according to the promotion, trade and investment section of the Polish embassy in Berlin. Poland’s exports to Germany were 9.5 percent higher than in 2013, reaching 42.6 billion euros, and Polish goods imports from Germany were worth 36.4 billion euros, 6.9 percent more than in 2013. In 2014, Germany was responsible for 26 percent of Poland’s exports and for 22 percent of its imports. Poland is Germany’s eighth-largest trading partner.


WORK
There is a growing number of jobs for professionals and managers on the Polish labor market. In the first quarter of this year, the Pracuj.pl site posted more than 100,000 job advertisements. The most sought after are employees in marketing and sales, customer service, finance and information technology. For IT professionals alone, more than 15,000 offers were posted, about 10 percent more than in the previous quarter.


AUTOMOTIVE
German automaker Opel is preparing to launch the production of its fifth-generation Astra model at its factory in Gliwice in Poland’s southern Silesia region. Production is scheduled to get under way at the end of September or in early October. The Gliwice plant has been producing the fourth-generation Astra for more than five years now and the four-seat Cascada convertible for almost two years. Production of the new Astra is expected to cost around 130 million euros to launch.
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