Locked content Fuel prices reach 3-month high

Average fuel prices increased by PLN 0.05 last week, while diesel prices grew by PLN 0.06, and LPG prices went up by PLN 0.03, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.72/liter, diesel at PLN 4.63/liter and LPG at PLN 2.07. Meaning that current pr...

Locked content Duda vetoes bill aimed to demote communist military leaders

President Andrzej Duda vetoed a law that would demote Communist military officers who served on the military council responsible for imposing the martial law in Poland, as well as gives the opportunity to deprive soldiers who served between 1943-90 of ranks if they “have betrayed the Polish raison d...

Locked content Russia expels 4 Polish diplomats in retaliation move

The Russian foreign ministry ordered four Polish diplomats to leave the country by April 7 in retaliation for Warsaw’s decision to expel four Russian diplomats following the murder attempt on the former Russian double agent Sergei Skripal on the British soil. “Poland’s ambassador Włodzimierz Marcini...

Locked content Lux Med acquires Swissmed Private Medical Service

Private healthcare company Lux Med signed acquired WSE-listed Swissmed Private Medical Service branches, from its parent company, WSE-listed Swissmed Centrum Zdrowia. “We want patients to have guaranteed access to high-quality services and this transaction is the next step in achieving that goal. Th...

Locked content State to receive part of the PPK funds in case of divorce

In the case of divorce, some of the money accumulated in the employer-sponsored pension schemes PPK will be taken over by the State Treasury, the ministry of finance informed. This applies to a spouse who is not a member of the PPK, but because of a divorce is entitled to the payment of part of̷...

Locked content Milczarski: Aviation group consolidation ‘within 6 months’

The works on the integration of the Polish Aviation Group PGL should be completed within at least next 6 months, Rafał Milczarski, CEO of state-owned airline LOT and president of the PGL said. He added that he wants this process to be clear and transparent so that it would not raise the slightest do...

BGK grants PLN 46.18 bln ‘de minimis’ guarantees

Poland’s state-owned lender BGK has granted PLN 46.186 billion in guarantees for loans worth some PLN 82.22 billion issued to SMEs as of end-February under the state program of ‘de minimis’ credit guarantees, the bank said.

FinMin to sell PLN 15-25 bln bonds in Q2

According to the Ministry of Finance, in Q2, between 3-5 tenders will be organized, and the ministry plans to sell PLN 15-25 billion worth of bonds during them. The government is also planning a 1-3 swap bonds auctions.

FinMin: Budget surplus at PLN 4.5 bln at end-February

The Ministry of Finance has informed that Poland recorded a budget surplus of PLN 4.46 billion at end-February. During that period, PIT revenues increased by 13.4 percent, while CIT revenues were up by 17.2 percent y/y, while VAT revenues grew by PLN 12.3 percent.