PMR Online access    |   tel. +48 12 340 51 00    |   E-mail: info@pmrcorporate.com
 


 

Current account deficit surprises economists


2005-07-18

Poland had a current account deficit of €724m in May as against a surplus of €647m in April, the National Bank of Poland (NBP) has announced. After the exceptionally good results in April, the majority of analysts had expected to see a small surplus in the following month, too. The high deficit on the current account in May was due, among other things, to dividend payments owing to foreign direct investors as a result of their capital contributions to Polish entities. The country's balance of trade was also negative - the deficit in trade in goods stood at €386m, with a surplus of €107m noted a month earlier. In May, exports in euro terms increased by 9.9% y-o-y to stand at €5.9bn, while imports increased by 11.9% y-o-y to €6.3bn.



Browse and search in our archive »


subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »




Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Latest news
 

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.