Poland

Flag



Location map
author: OCHA/ ReliefWeb


Location:
- Central Europe;
- Neighbours: Slovakia, Czechia, Germany, Russia, Belarus, Ukraine.

Climate:
- temperate with cold, cloudy, moderately severe winters with frequent precipitation;
- mild summers with frequent showers and thundershowers.

Natural hazards:
- destructive earthquakes;


Macro indicators (* 2018 estimates)
Surface:312,696km2
Population*:-million
GDP*:-EUR billion
GDP/capita*:-EUR

European Union:
EU member, since 2004


Currency: Zloty
Code: PLN
Since: 1994

Exchange rates at December 31st:

1 EUR = 4.3000 PLN (2018)
1 EUR = 4.1709 PLN (2017)
1 EUR = 4.4240 PLN (2016)
1 EUR = 4.2615 PLN (2015)
1 EUR = 4.2623 PLN (2014)
1 EUR = 4.1472 PLN (2013)
1 EUR = 4.0882 PLN (2012)
1 EUR = 4.4168 PLN (2011)
1 EUR = 3.9603 PLN (2010)


Sources:



 


Statistics

Poland FY2018 Market Portfolio

Poland FY2018 Rankings

See all statistics

Latest news

POLISH second-pillar pension funds post negative returns

Poland's second-pillar pension funds (OFEs) generated poor results over the last year, with all the 12 funds recording negative returns. According to the Polish Financial Supervision Authority (KNF), the weighted average 12-month return, as of the end of March 2016, fell from 2.52% in 2015 to minus 6.63%, while the three-year return plunged from 25.13% to 6.34%.



POLAND's Alior keen to buy Bank BPH from GE (sources)

Poland's mid-tier lender Alior Bank ALRR.WA, owned by state-run insurer PZU, is in talks to buy its rival Bank BPH BPHP.WA from General Electric (GE.N) and hopes to complete a deal around mid-2016, three banking sources told Reuters.


POLAND: New government pushes through financial levy

Poland's new conservative-dominated parliament yesterday pushed through a controversial levy on the finance sector to help fund pre-election promises on welfare. The measure, due to take effect from February 1, will see a 0.44-per cent annual tax on the assets of banks and insurance companies.

POLAND says insurers' treasury bonds to not be exempt from asset tax

Polish government bonds owned by insurance companies will not be exempt from the bank tax, unlike the ones owned by banks, deputy Finance Minister Konrad Raczkowski said on Tuesday. Earlier on Tuesday a member of the ruling Law and Justice (PiS) party said that it planned to amend the bank tax bill to exempt government bonds from the levy.

POLAND: A quarter million cars uninsured

As many as 250,000 Polish drivers have not insured their cars, which is a legal requirement in the country. Just last year, more than 6,000 accidents were caused by uninsured drivers or those who fled the scene.

STATISTICS: POLAND 1H2015: GWP stagnation, lower profitability

Compared with the previous years' results, 1H2014 represented for the Polish insurance market rather a stagnation period, with GWP increasing by only 1.3% both on the life and non-life segments. Thus, total GWP amounted to PLN 28.09 billion (EUR 6.69 billion), while claims paid totaled PLN 17/44 billion (EUR 4.16 billion), a volume roughly comparable with the last year's first half figure.

POLAND eyes sending stakes in PGNiG gas, PZU insurance and PGE power to Silesia fund

Poland will seek to hand shares in gas firm PGNiG, insurer PZU and power utility PGE over to the Silesia investment fund, according to a motion from the Treasury Ministry to the Monday cabinet sitting. In the deal, Poland will take a new stake in the Silesia Financial Agency fund, first called to being to help Poland restructure its milling industry.



POLAND: PZU eyes move into online insurance

Three investors have been shortlisted to buy Poland's largest insurance e-comparison engine, reportedly including Link4, a unit of Poland's largest insurer PZU. The other two bidders for Rankomat.pl are private equity fund Enterprise Investors and UK insurance intermediary company, Confused.com, the daily Puls Biznesu reports.

POLAND: Medical malpractice insurance should

Employers of Poland urge  the Minister of Health to amend the act on medical activity so that medical malpractice insurance for hospitals remain voluntary rather than compulsory. This would enable hospitals to save up to several hundred thousand z

STATISTICS: POLISH insurance market up 3% in Q1 2015

Polish insurers' aggregate GWP was up by 2.95% y-o-y to PLN 14.37 billion (EUR 3.51 billion) in the first quarter of 2015, as the financial indicators published by the Polish Financial Supervision Authority (KNF) showed. Official figures also revealed that the amount of paid claims/indemnities during the period was PLN 8.72 billion, representing a decrease of 4.82% y-o-y.

POLAND: Aviva and Liberty join DCA

On 1 July Aviva and Liberty Ubezpieczenia joined companies offering Direct Claims Adjustment (DCA) to their clients. Currently, the system has been already applied by 7 insurance companies, which corresponds to ca. two thirds of the third party motor liability insurance market. In mid-October DCA is to be introduced also by the eighth insurer - Gothaer.


POLAND: PZU buys stake in Warsaw hospital

PZU Inwestycje, the asset management wing of the listed insurer PZU, has agreed to take a 60 percent stake in Warsaw hospital Centrum Medyczne Gamma, part of the largest Polish insurer's move into new lines of business.

POLAND: PZU aims to become banking giant

State-controlled Polish insurer PZU has reiterated plans to spend up to PLN 9 billion on creating a Polish banking giant. PZU has said it is in talks with two banks and could buy a third as part of a plan to create a major domestic bank able to compete with foreign-owned Polish banks.