BIEC welfare indicator grows in January

The welfare indicator, which reflects the economic standing of the Polish society, has increased in January by 0.6 points compared to the December reading, the Bureau for Investment and Economic Cycles (BIEC) stated. “The growth was mainly due to the remarkably high dynamics of average wages in the ...

Locked content LOT files complaint regarding Modlin airport to UOKiK – media

According to the Polish Press Agency PAP, state-run airline LOT filed a complaint to the antitrust watchdog UOKiK, regarding airport’s Modlin’s possible abuse of dominant position. “The activities of the airport led to the situation where the public airport operator guaranteed conditions to one carr...

Locked content Duda thanks Trump for ‘fighting fake news’

President Andrzej Duda thanked his US counterpart Donald Trump for fighting fake news. “President Trump just stressed again the power of fake news. Thank you. We must continue to fight that phenomenon. Poland experiences fake news power first hand. Many European and even US officials form their opin...

Locked content Pfleiderer launches buyback program

WSE-listed building materials producer Pfleiderer has launched a buyback program for up to 5 percent of its shares (3.24 million) at PLN 37.5 apiece. Offers will be collected between January 19 and February 2, with the purchase date set for February 7. Back in June company shareholders approved a on...

Locked content Emperia takeover stalled by UOKiK

The antitrust watchdog UOKiK launched the second stage of its proceedings into the potential takeover of WSE-listed retailer Emperia by Lithuanian Maxima Grupe. Such phase is reserved for more complicated cases. UOKiK wants to conduct, among others, market analysis. Back in November, Maxima Grupa la...

Housing permits drop in December – GUS

In December, the number of dwellings in which construction has started inched down y/y by 0.1 percent to 12,193, according to data released by the Central Statistics Office (GUS), in m/m terms it dropped by 16.9 percent. Moreover, the number of dwellings completed went up by 14.7 percent y/y to 20,7...

Locked content PiS support grows to 44% – CBOS poll

Ruling Law and Justice (PiS) party support has increased by 3 percentage points to 44 percent, according to the poll conducted by CBOS. Civic Platform (PO) was second with 15 percent support, down by 3 percentage points m/m. Nowoczesna was third with 6 percent, down by 5 percentage points. Kukiz was...

Locked content State-run companies to be under PM supervision

Poland will shift supervision of strategic firms to PM’s chancellery, the government said. The change is only structural as previously they were under the ministry of development control, which was helmed by Mateusz Morawiecki who has been appointed PM earlier this month. The ministry of devel...

Locked content Poland keeps 7th spot in the latest FIFA ranking

Polish men’s national football team has kept its 7th place in the latest FIFA ranking. The first ten teams did not change their positions compared to last month’s ranking, as most of the national teams did not play once the World Cup qualifiers ended in November. Germany topped the ranking, fo...

Locked content PGG signs PLN 2.2 bln coal supply deal with Tauron

WSE-listed electricity provider Tauron signed a PLN 2.15 billion deal with coal miner PGG on coal supplies for the 2018-2021 period, Tauron said in a market filing. “The price of coal was determined for the first annual period of the contract, while in subsequent years it will be indexed based on th...