Locked content Poland falls in the World Press Freedom Index

Poland took the 54th spot in the latest press freedom index compiled by the Reporters Without Borders, representing a drop by seven spots from last year, placing below such countries as Botswana, Romania, Tonga or Burkina Faso, and beating Hungary, Japan or Greece. Norway, Sweden and Finland took th...

Locked content US to cut help for Poland?

According to ForeignPolicy.com, the US Agency for International Development (USAID),will cut its spending on international help by 30.8 percent, which would include cutting off aid to Poland altogether. Poland this year is set to receive $3 million under the European Support Fund designated to promo...
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PM Szydło denies cabinet reshuffle plans, disciplines ministers

PM Beata Szydło denied that she plans to reshuffle her cabinet anytime soon, which media has been hinting at for the last few weeks now. “It is not the time for such decisions,” government spokesman Rafał Bochenek said. The PM, however met with her ministers on Wednesday to discipline them and remin...

Locked content Family 500+ program to cost PLN 24.5 billion this year

According to Labor Minister Elżbieta Rafalska, the Family 500+ program will cost up to PLN 24.5 billion this year, and hopes that next year, the cost will remain at same level, adding that the government do not plan any changes to the program at this moment. In 2016, starting from April when the sch...

Locked content Petru resigns as the Nowoczesna parliamentary club chief

The leader of the opposition party Nowoczesna, Ryszard Petru has stepped down from the post of the head of the grouping’s parliamentary caucus. The club will be headed by the party’s spokeswoman Katarzyna Lubnauer. “Today, at my request, the Nowoczesna club decided to split the function ...

Locked content PO ahead of PiS for the first time in two years – poll

According to the latest poll by Kantar Millward Brown, if elections took place this Sunday, 31 percent of Poles would support Civic Platform (PO), while 29 percent would vote for the ruling Law and Justice (PiS) grouping. This is a first time in two years, when PO is ahead of PiS in an opinion poll&...

Locked content Orange Q1 net profit beats expectations

WSE-listed telecom Orange Polska posted an attributable net profit of PLN 39 million in Q1 2017, way ahead a PLN 19.5 million net loss expectations. The result was down by 102,1 percent q/q and 60,2 percent y/y from last year’s PLN 98 million profit. EBITDA for Q1 came in at PLN 748 million, d...

Locked content JP Morgan to open back office center in Warsaw – Reuters

According to sources quoted by Reuters, the US bank JP Morgan Chase will open its new back office operations center in Warsaw. The headquarter will employ some 2,500 people and service the lender’s Asian and European business. “Only Warsaw has a job market which is deep enough to bear with suc...

GUS: unemployment falls in March

Poland’s unemployment rate stood at 8.1 percent at the end of March, the Central Statistical Office (GUS) informed, representing a 0.4 percent m/m and 1.8 y/y drop.

EPP finalizes €53.3 mln retail park acquisition in Kraków

Investor Echo Polska Properties (EPP) has finalized the acquisition of the Zakopianka retail park in Kraków from a fund managed by Tristan Capital Partners for €53.3 million. Savills advised the buyer on the transaction, which was preliminarily agreed in December last year and excludes the Carrefour...