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Unemployment rate at 12%

The registered unemployment rate in Poland stood at 12 percent in June, according to data published by the Central Statistical Office (GUS) on Wednesday. Poland’s Labor Ministry expected the figure to be 12.1 percent.

Orlen with major loss on impairments

Poland’s largest oil company PKN Orlen recorded a net loss of PLN 5.39 billion in the second quarter of 2014, the company said on Wednesday. The result was highly affected by impairments, mostly on the company’s Lithuanian unit Orlen Lietuva.

PGE’s Bełchatów plant named EU’s worst polluter

Coal-fueled power plant in Bełchatów, owned by Poland’s biggest utility PGE was named the EU’s biggest polluter by the environmental campaigners who compiled a list of 30 biggest polluters in the EU. Bełchatów facility emits over 37 million metric tons of CO2. Second on the list, German plant in Neu...

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Finance Ministry upholds growth for...

The Polish Ministry of Finance maintains its forecast for 2014 GDP growth at 3.3 percent despite wor...

Poland sells bonds worth almost PLN...

At an auction held on Wednesday, the Polish Ministry of Finance sold two series of bonds for a total sum of PLN 5.999 billion...

Depression a huge cost to the econo...

The Polish Social Insurance Office (ZUS) has calculated the cost of depression to the nation’s economy. Due to absences...