Locked content Poles consumed less fish in 2017

Preliminary data shows the consumption of fish and seafood in 2017 amounted to 12.52 kilograms per capita and was 4.5 percent smaller than in the previous year, according to the results of the analysis of the Institute of Agricultural and Food Economics (IERiGŻ). The decrease in consumption concerne...

Locked content SCNTPL will build satellite and spacecraft components

Silesian Science and Technology Centre of Aviation Industry (SCNTPL) and Thales Alenia Space (TAS) signed framework agreement on building components for satellites and spacecraft, the company informed on Friday. The value of this contract was not disclosed. CEO of SCNTPL, Bartłomiej Płonka, stressed...

Locked content President and PM with lower support in May

In May 42 percent of Poles evaluated Prime Minister Mateusz Morawiecki’s work positively, according to the poll conducted by Kantar Public. This is by 4 percentage points less than in April. The percentage of negative opinion about his work grew by 5 points to 37 percent (25 percent – ra...

Locked content Gov’t budget with PLN 9.3 bln surplus at end-April

The Ministry of Finance informed that Poland recorded a budget surplus of PLN 9.3 billion at end-April. The income after four months of 2018  amounted to PLN 125.2 billion, or 35.2 percent of the planned budget income. During that period, PIT revenues increased by 17.9 percent y/y, while CIT revenue...

Locked content GUS: Polish mothers are better educated

Over half of Polish women (51.7 percent) who became mothers in 2017 had higher education compared to only 6.1 percent in 1990, Poland’s Central Statistical Office (GUS) reported. Only 6.1 percent of women who gave birth in 2017 had lower secondary, basic or incomplete education. The age of Pol...

Locked content New bill on land development may cause apartment price drops

A new bill on land development is crucial for acquiring new areas for residential investments Deputy Minister of Investment and Development Artur Soboń said.  He added that the bill may cause apartment price drops. Soboń also said the bill should not make a difference from developers’ point of...

Locked content Fuel prices growth not caused by Polish policies – Morawiecki

Slightly higher fuel prices have no connection with what happens in Polish politics, Prime Minister Mateusz Morawiecki said.  He added that fuel prices are influenced by, among others situation in the Middle East. Prime Minister underscored that fuel prices depend  “one hundred percent” ...

Locked content PM: Poland is less dependent on EU funds

The Polish economy will depend less and less on EU funds, Prime Minister Mateusz Morawiecki stated. “We have a misconception that our economy depends on EU funds,” Morawiecki said answering the question about Poland possibly receiving less money from the next EU budget. He added that Pol...

Locked content Ursus Q1 net result turns to loss of PLN 1.5 mln

WSE-listed tractor producer Ursus recorded Q1 net loss of PLN 1.47 million compared to a profit of PLN 3.61 million a year ago. Operating profit amounted to PLN 2.49 million compared to PLN 6.47 million in Q1 2017. Consolidated revenues stood at PLN 43.51 million. Q1 net results were negatively affe...

Locked content Brokerage firms’ profit doubles in Q1 2018 – KNF

Brokerage firms recorded net profit of PLN 102.16 million in Q1 2018, up from PLN 54.02 million in the first quarter of the previous year, the Financial Supervision Authority (KNF) stated. Operational profit stood at PLN 115.68, compared to PLN 75.1 million a year earlier. Revenue from brokerage dec...