Inflation at 2.1% y/y and 0.5% m/m in October – GUS

Consumer goods and services prices increased by 2.1 percent year-on-year in October, and by 0.5 percent in month-on-month terms, statistics office GUS stated based on its flash estimate. Economists polled by PAP expected inflation to come in at 2.1 percent y/y and 0.4 percent m/m.

Locked content Idea Leasing and Getin Leasing will merge

Idea Leasing, part of Idea Bank, will merge with Getin Leasing, Idea Bank informed. After the merger, the new company will operate under the name Idea Getin Leasing. The move is designed to simplify the structure of the companies, both generating cost synergies. Ide bank was formed in 2010, from the...

Locked content Poland drops in Doing Business 2018 to 27th spot

Poland took the 27th spot in the Doing Business 2018 ranking published by World Bank, which compares business environment in 190 countries. In last year’s ranking Poland received a lower overall score (77.12 versus this year’s 77.30), but was in a higher position (24th). “Comparing the Doing Busines...

Locked content PKP PLK announces PLN 200 mln tender for new railway line

Polish railway operator PKP PLK has announced a tender for preparing blueprints for a new railway line connecting Podłęże with Tymbark and Mszana Dolna. The value of the deal is over PLN 200 million, the highest amount earmarked for railway blueprint in the firm’s history, PKP PLK stated. The entire...

Locked content EC agrees to spend PLN 1 bln on Poland’s intermodal transport

The European Commission has ratified the plan to spend PLN 1 billion on Poland’s intermodal transport system. The subsidy has been earmarked for specialist equipment as well as on the modernization of Poland’s rolling stock. The aid will be available for intermodal freight operators as well as compa...

Locked content Exports in September up 8% y/y – KUKE

Exports from Poland increased in September by 8 percent y/y and by 7.5 percent m/m, according to export credit insurance corporation KUKE. According to KUKE’s forecasts, exports will increase by 10.4 percent for the entire 2017 reaching €196 billion. In 2018, the value could grow by another 8.4 perc...

Locked content Health minister raises resident doctors’ salaries

Health minister Konstantyn Radziwiłł has signed a regulation increasing salaries for resident doctors. The regulation entered into force on October 31, but pay increases will be paid out for the period since July 1, 2017. The new salaries will be: PLN 3,570 (a raise of PLN 400) for first and second-...

Locked content PGNiG wants to renegotiate gas prices with Gazprom

State-owned natural gas operator PGNiG has asked Gazprom to renegotiate the price for natural gas that is delivered to Poland based on the Yamal contract, the company stated. PGNiG said that according to the agreement with Gazprom, a new price could be implemented three years after the last price ch...