Fuel prices in Poland on decline as crude prices fall
Global crude prices may stay low for another several quarters, maybe several years, thanks to the wave of crude price declines which started in mid-2014, analysts believe. This is how long is needed to absorb the excess of crude output currently present on the market and for the reduction of production in non-OPEC states.
Retail prices in Poland should not grow until mid-year
The period of price declines in Poland, which started in Q3 last year, should hold even until mid-year, experts believe. While some analysts forecast that prices might start growing already after Q1, no one rules out deflation persisting even until end-June.
Warsaw Stock Exchage top gainers and losers in 2014
The last trading session of 2014 brought about slight index increases in Warsaw, but in the full year 2014 the Warsaw Stock Exchange's (WSE) top large-cap index WIG20 lost 3.5%. Fuel group PKN Orlen and power utilities PGE and Tauron were last year's top gainers. Deepest declines, in turn, were recorded by miner JSW, edible oils producer Kernel and chemicals group Synthos.
Number of affluent poles on the rise; will reach 1 mln in 2016
The number of rich and affluent Poles will reach one million for the first time next year, according to KPMG consultancy report “Luxury Goods Market In Poland Edition 2014” published in December.