Locked content PLN 17 billion went to families through 500 plus program

As a result of the government’s “Family 500 plus” program, 3.8 million children under 18 from 2.78 million families received more than PLN 17 billion in total up to December 2016, the head of the MRPiPS Elizabeth Rafalska said at a conference on Tuesday. Rafalska, at a joint conference with th...

Locked content EBRD sells 15.8 million shares in Cyfrowy Polsat 

EBRD has sold 15.8 million of its shares in Cyfrowy Polsat representing approx. 2.5 percent of its capital, reported Bloomberg. In September 2014, EBRD sold 2.44 percent of its Cyfrowy Polsat shares at a price of PLN 25.23 per share, and subsequently reduced its vote to below 5 percent. EBRD became ...

Locked content Corporate employment up 3.1% y/y in December, wages increased by 3.7%

In a survey of 14 analysts they concluded that employment growth increased by 2.9-4.2 percent y/y, while the average rise in the corporate sector was 3.1 percent y/y in December. According to the analysts, wages in the corporate sector in December increased by 2.9-4.3 percent y/y, with an average of...

Locked content Kraków SEZ to expand by more than 97 ha

Kraków Technology Park, which manages the Kraków Special Economic Zone had submitted an application to the Ministry of Development for extension of the zone by more than 97 hectares. Krystyna Sadowska from KPT, the zone management company, told the Polish press agency on Tuesday that the government&...

Locked content Poland moves up in Bloomberg innovation ranking

Poland has advanced one position (from 23rd to 22nd) in the Bloomberg Innovation Index which ranks the most innovative countries in the world. South Korea remains in top spot, while second place this year is taken by Sweden, pushing Germany down into third place. The country that saw the biggest dro...

Locked content Sales in small-format stores fell by 4.2% y/y in December 

According to data from independent market research agency Centrum Monitorowania Rynku (CMR), sales in small-format stores in December last year fell by 4.2 percent y/y and in monthly terms increased by 9.7 percent. In the whole of 2016, sales in stores of this format increased by 4.2 percent. “...

Locked content iAlbatros Group wins EUR 30 million contract for reservation system

Hotel booking management service iAlbatros SAS – an indirect subsidiary of the iAlbatros Group – has signed a contract with the Centre National de la Recherche Scientifique (CNRS) to provide solutions for electronic booking. The agreement is worth approx. EUR 30 million, the company said...

Locked content Registrations of new passenger cars increased by 17% in December 

The number of new passenger cars registered in Poland amounted to 43,721 in December last year which represents an increase of 17 percent y/y, the European Automobile Manufacturers Association (ACEA) reported. Between January and December 2016 Poland registered 416,123 new passenger cars, an increas...

Locked content Poland to invest PLN 45-50 billion in 5-6 new power units

Energy minister Krzysztof Tchórzewski told the press on Tuesday that Poland will conduct an investment program in the energy sector with a value of approx. PLN 45-50 billion with the aim of building 5-6 new power plants in the coming years. He explained that construction already underway and those t...

Locked content 80% subsidy on new heating systems for poorest families

On Tuesday morning the Undersecretary of State in the Ministry of Development, Jadwiga Emilewicz, announced that the poorest families will be able to count on a subsidy of up to 80 percent when buying a new furnace. Emilewicz added that there are currently 5.5 million low-quality furnaces in Poland ...