Wednesday, December 4, 2024

Interest Rates Steady for Now: No Holiday Gift for Borrowers from the MPC

We are approaching the last decision of the Monetary Policy Council on interest rates for this year. Can we expect a "gift" from the MPC? Most economists largely agree...

Poles save on clothes and entertainment to pay bills

"Every second Pole (52.1 percent) indicates that they would try to pay all the...

Fewer Loans, Lower Values: October 2024 Highlights Decline in Micro-Enterprise Financing

In October 2024, compared to October 2023, banks granted fewer loans to micro-enterprises (-6.7%)...

Changes in the Credit Market in Poland: What Did October 2024 Bring?

In October 2024, compared to October 2023, banks and credit unions granted more cash...

Polish Industrial Sector Debt Reaches 1.19 Billion PLN, Including 370 Million PLN in Unpaid Invoices

The furniture, electric battery, and vehicle and machinery parts manufacturing industries are all currently...

Slight increase in loans for micro-enterprises in the first half of 2024

In the first half of 2024, banks granted micro-enterprises only half a percent more loans, valued at 3.8% higher than in the corresponding period...

Economic Factors at the Forefront of the Biggest Fears and Anxieties Among Young Poles

The economy fuels fear. Currently, young Poles are most afraid of a lack of money, rising living costs and job loss. The latest report reveals...

600 million zÅ‚oty – that’s how much Poles owe to insurance companies

The overdue payments of customers towards insurance companies are rapidly growing - according to data from the National Debt Register. Currently, it stands at...

Blik: Polish Payment Giant Aims for Global Expansion After Reaching Unicorn Status

Blik is extremely popular in Poland, largely due to its utility not only as a standalone payment system, but also because of its strong...

E-Bikes Gaining Traction in Poland: Subsidy Program to Spur Growth

As per the latest study conducted by Santander Leasing among the general Polish population, one-tenth (10%) of respondents declared that they own an electric...

Your Money, Your Way: How AI is Revolutionizing Customer Experience in Finance

Financial services are increasingly permeating various aspects of clients' lives, integrating with a wide range of products and services. Modern banks not only offer...

How Poles Are Spending Their Summer Holidays in 2024?

It's the height of the summer, so in the latest installment of the Provident Barometer survey we asked Poles how they are spending their...

The number of consumer bankruptcies in Poland is increasing

According to the COIG data, in the first six months of 2024, courts in Poland declared 10.8 thousand consumers bankrupt. The National Debt Registry (KRD)...

The “Taylor Swift Index”: Concert Ticket Prices Suggest Euro Should Be 2.79 PLN

If it were up to Taylor Swift, the Euro would cost 2.79 PLN, the Swiss franc would cost 2.59 PLN, and the British pound...

Abroad, on Promotion, and with Savings: A Summer Portrait of Poles

At the beginning of July, the peak vacation season kicks off. For 32% of Poles, summer trips are the only recreational travel of the...

Financial Morality in Poland: Majority Support Debt Repayment, But Growing Uncertainty Among Some

About 9 out of 10 Poles believe that one should honor their financial obligations. However, for 7% of respondents, the issue is not so...

Demand for Housing Loans Remains High but Lower Than Last Year

The value of inquiries for housing loans increased by 51.8% year-on-year in June 2024, according to the BIK Index of Demand for Housing Loans....

Retail Purchasing Power Across Europe: Poles Spend Less Than Average, But More Relative to Income

The average purchasing power in retail trade in Europe is 6,517 euros per capita. Citizens of Luxembourg have the highest spending power in this...

8 out of 10 Poles plan a vacation during the summer holidays. Every 3rd person plans to travel abroad

"More and more Poles are expressing optimism regarding their personal finances. Although the majority of consumers still expect prices of the most commonly purchased...

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