Locked content KNF punishes PZU with PLN 900,000 fine

The Polish Financial Supervision Authority (KNF) has decided to punish PZU SA for delays in the granting and payment of motor compensation in 2013-15. The value of the fine is PLN 900,000. The infringements found in the course of the proceedings concerned damages liquidated between 2013 and 2015. Th...

Locked content Contact made with Polish PW-Sat2 satellite after Falcon 9 launch

Following the successful launch of the SpaceX rocket Falcon 9 from the Vandenberg base in California, contact has been made with the Polish PW-Sat2 satellite – one of a few dozen satellites from 17 different countries that were on board. The Polish satellite was released into space on December 4 at ...

Locked content ML System signs contract with PP ‘Porty Lotnicze’ for PLN ...

ML System has signed a contract with Przedsiębiorstwo Państwowe “Porty Lotnicze” regarding the change of the arrangement of zones in Terminal A at the Chopin Airport in Warsaw, the company said. The total value of the contract is PLN 14.6 million. The project will use elements of intelli...

Locked content Police looking to fill 4,500 vacancies

The Polish Police are looking to recruit around 4,500 officers to meet demand. The number of vacancies is not due to a lack of interest, but rather the low number of potential officers who pass the recruitment process. According to data from the National Police Headquarters, 10,500 people registered...

Locked content Only 21% of Polish employees regularly save for retirement

Just over a fifth (21 percent) of employees in Poland regularly save for retirement, which is far below the global level (39 percent), according to Aegon’s pension report “New social contract: retirement plan in the 21st century.” One-quarter of Poland’s residents (26 percent...

Locked content PGNiG to be included in Stoxx Europe 600 

From December 24 this year, PGNiG will be included in the Stoxx Europe 600 index, Stoxx informed. The global index agency FTSE Russell announced its decision a year ago to change Poland’s classification from emerging markets (developing countries) to developed markets (developed countries). Th...

Locked content CJEU Advocate General says Brexit is reversible

There is no legal obstacle to the possible withdrawal of the UK’s request for withdrawal from the European Union, according to a legal opinion issued by the Advocate General of the Court of Justice of the European Union (CJEU). The opinion is not binding on the adjudication panel, but it is an indic...

44% of companies predict wage increases in 2019

Some 44 percent of companies expect a rise in wages in the next six months – an increase of 17 percent on six months ago – according to a study by Randstad. However, the scale of wage increases will quite low, with employers predicting a hike of up to 2 percent on current salaries.

Locked content New Fiat to be built in Tychy

A new Fiat model will be manufactured in Tychy, the managing group of Fiat Chrysler Automobiles (FCA) announced at a meeting with trade unions. During the meeting, Mike Manley, president of FCA, and Pietro Gorlier, operational director of the region, presented plans for the future for production pla...