Locked content Senate halts work on own abortion bill

Following widespread street protests in Poland, the Senate has suspended work on draft legislation concerning termination of pregnancies. “We have to wait to see the results of the Sejm’s work regarding abortion regulations,” Stanisław Karczewski, Marshal of the Senate, said on Wednesday. “We ...

Robust sales of apartments in August in major markets

Over 4,500 apartments were sold in Poland by developers in August this year. These sales took place primarily in eight markets: Katowice, Kraków, Łódź, Poznan, Szczecin, the Tri-City, Warsaw and Wrocław. In the same month last year, developers found takers for less than 3,900 units. This is accordin...

Government wants unified tax to be budget-neutral: Kowalczyk

The unified tax, which the government plans to introduce, should be budget-neutral, Henry Kowalczyk, head of the Standing Committee of the Council of Ministers, told TVN24Bis. This tax will replace the personal income tax (PIT) along with social insurance (ZUS) and national health (NFZ) contribution...

Locked content Exact Systems prepares IPO

Exact Systems, part of the Work Service group, has submitted a prospectus to the Polish Financial Supervision Authority (KNF). It plans to make a public offer and debut on the WSE. Exact Systems is one of the largest firms in the quality control sector for automotive parts produced in Europe and the...

Locked content National Health Fund to disappear in 2018: Radziwiłł

In an interview with Gazeta Polska, the Minister of Health Konstanty Radziwiłł said that the National Health Fund (NFZ) will disappear in 2018, along with “the costly bureaucracy of the Fund.” The Ministry of Health and provincial health authorities will directly fund the health service. Asked why i...

Retail sales up 10.8% y/y in August: Eurostat

Seasonally adjusted retail sales in Poland rose 10.8 percent y/y in August 2016, the EU statistical office Eurostat reported. In monthly terms, retail sales fell by 0.6 percent in August. Across the EU, retail sales fell 0.1 percent m/m, but increased 2.1 percent y/y. Retail sales in Poland rose in ...

World Bank lowers 2016 GDP forecast for Poland

The World Bank has lowered its forecast for GDP growth in Poland in 2016 to 3.2 percent from 3.7 percent, due to a slowdown in investment. But it foresees accelerated GDP growth in 2017 and 2018 reaching 3.4 percent and 3.5 percent respectively because of an expected rebound in investments, includin...