Deputy Finance Minister: GDP slowdown can be explained

The slowdown of Poland’s GDP in 2016 may be short-term and a one-off, said Deputy Minister of Finance Leszek Skiba. He was speaking in response to a question in the Polish Parliament on Thursday. Skiba also indicated that he expected GDP to accelerate to 3.6 percent in 2017, and that less-than...

Locked content Energa offers new e-charging point

Polish energy company Energa announced that it has added another charging station for electric vehicles in Gdańsk, bringing its total in the Tri-City to six, the company announced in a statement. “It is a multi-standard station that allows charging for all available models of electric cars,...

Locked content Opposition politicians may occupy Parliament until January

The leader of the largest opposition party in the Polish legislature indicated on Thursday that his MPs may continue their protest until the next sitting of Parliament, after the Christmas Holidays, the Polish press reported. Grzegorz Schetyna, the leader of Civic Platform (PO) said, “We’...

Locked content BGK investing in tourism for the East

Poland’s State Development Bank (BGK) will grant PLN 200 million in loans to entrepreneurs in eastern Poland in order to promote and facilitate the development of tourism there, a joint statement from Poland’s Development Ministry and the National Bank (BGK) announced in a press release ...

Locked content Exports of Polish sugar way up

Sugar exports increased to 373,000 metric tons, and in value to PLN 784.9 million between January and October of 2016, the Agricultural Market Agency (the ARR) said on Thursday. Imports also rose during the period, to 202,000 tons, according to the ARR press release. “Of our exports, 229,000 t...

Income tax revision not a bad idea – Kozminski University expert...

In spite of the decision on Wednesday by the Ministry of Finance to cancel its plan to implement an all-in-one tax for everyone, a group of experts who conducted an extensive study on taxation in Poland found evidence that a simplification of the country’s tax system would benefit small busine...

Locked content Opposition MPs were not blocked – Sejm security

The Marshal of Poland’s Parliament stated on Wednesday that, contrary to some reports, guards did not block access for Opposition MPs to attend the budget vote in the alternative chamber where the ruling party decided to hold it. “There was no command associated with the alleged blocking...

Ministry of Development: industrial production unchanged

Ministry of Development Analysts have predicted that in December industrial production should increase by 3.3 percent, y/y, according to preliminary data from the Central Statistical Office released to the Polish press in a report. The figure is identical to December of 2015, the report said.

Locked content Wisła shipping canal plans detailed – PM’s office

A draft law that details plans for the waterway connecting the Wisła River Lagoon to the Baltic Sea has been submitted to Poland’s main legislature, the Prime Minister’s Office reported to the press on Thursday. The draft stated that construction work will begin in 2018, and the total co...