Job offers rising around Poland

Krakow photo_Lucas Albuquerque from Unsplash
Kraków is leading the way in a resurgent employment market with 20 offers per 1000 people, followed by Warsaw with 18

The following news items appeared in PT Daily, Poland Today’s daily business newsletter, on Monday 14 May – free to register here

Kraków leads in job offers uptick

In April, the number of new job offers in Poland increased by 99.8% y-y to 282.800, according to a report by advisory firm Grant Thornton and testing, inspection and certification services company Element. The number of offers is already at the level of April 2019, the report says. In Poland’s largest cities there are on average 11.4 job offers per 1,000 inhabitants compared to 5.7 a year ago. Kraków had the most offers – about 20 for every thousand people – while Warsaw came 2nd with an average of 18 offers. “It is fair to say that the crisis is over and we are back on track,” said Monika Smulewicz, Managing Director of Grant Thornton in Poland, according to Forsal. “Although it’s difficult to say that the pandemic is behind us from a medical point of view“, said Maciej Michalewski, Founder & CEO of Element, “But this conclusion is probably justified. This is a great success for Polish employers and the Polish economy.”

 

More GDP growth figure estimates

Consumption and investments fueled by EU funds should allow the Polish economy to grow at a rate of 5%, says Dziennik Gazeta Prawna, citing analysts’ opinions. The Ministry of Development estimates that gross domestic product in Q1 was 1.5% lower than a year earlier, while several economists expect a smaller decline. Statistics Poland (GUS) is due to publish GDP results today. Meanwhile, the European Commission forecasted that Poland’s GDP will grow by 4% this year, and by 5.4 percent next year.

 

Leading European bus service to resume international connections

Long-distance coach firm FlixBus will gradually restore domestic, foreign, and seasonal connections from May 20. The carrier’s plan is to restore connections and open new routes to 17 countries in Europe during the summer season. From May 20 until the end of June, FlixBus will be launching new connections every week, said Kamila Zalewska, responsible for regional development. Regular routes to Wrocław, Zakopane, Gdynia, Kołobrzeg, Poznań, as well as foreign routes to Berlin, Vienna, Dresden, Kiev, Paris, and Prague will be back. Flixbus was founded in Munich in 2011 and launched in 2013, currently servicing over 2500 destinations in 36 countries, according to their website. 

 

Bankruptcies fall, new companies increase slightly 

The number of new registered companies in Q1 grew slightly to 84,223 compared to 84,099 a year ago, Statistics Poland (GUS) reported on Thursday.  The number of bankruptcies fell by 11.3% year-on-year to 126 firms. A decrease in the number of bankruptcies was recorded, among others, in transport, construction, and communication industries, while in services the number of bankruptcies increased. According to German market and consumer data company Statista, the number of economic entities which went bankrupt in Poland between Q2 ‘20 and Q4 ‘20 fell significantly from 157 to 106 in most major sectors. Also according to Statista, the total number of Polish bankruptcies in 2020, 528, was a decrease of 8.7% from 2019.

 

Warsaw bourse issues phone scam warning

The Warsaw Stock Exchange (GPW) issued a warning against fraudsters who offer investments or financial services while pretending to be the exchange’s employees, according to Polish press agency PAP. “Please be advised that the WSE does not provide or offer financial services through the phone and does not conduct any activity of offering financial instruments, investment advice or giving investment recommendations,” the Exchange said. “Additionally, the WSE indicates that on the website of the Polish Financial Supervision Authority (KNF) you can check whether the entity on behalf of which the person is calling is authorized to provide financial services in Poland,” it added. 

 

National post carrier’s shipments up

Poczta Polska recorded an increase in domestic shipments volume by 17% y-y in Q1, while the number of international shipments grew by 18% y-y. According to Poczta Polska’s strategy for 20221-2023, the pallet delivery service is growing intensively. Clients include multinationals, Polish state-owned companies and family businesses, the company said. Poczta Polska, which employs nearly 80,000 people, is the largest operator on the domestic market.

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Written by: Richard Stephens