Wages rise in Q3 – GUS

According to data released by the Polish Central Statistical Office (GUS), the average wage in Q3 grew by 4.9 percent year-on-year, and stood at PLN 4,255. In q/q terms, the average salary increased by 0.8 percent.

GUS: Foreign trade surplus reaches PLN 8.24 bln at end-Q3

After the third quarter of 2017, the foreign trade surplus reached PLN 8.24 billion compared to PLN 13.5 billion surplus last year, according to the Central Statistical Office (GUS). At end-Q3, exports amounted to PLN 640.54 billion, while imports totaled PLN 632.62 billion.

Locked content OT Logistics wants to increase its stake in Luka Rijeka

WSE-listed logistics operator OT Logistics will announce a tender offer for 43,39 percent in Croatian port Luka Rijeka at HRK 50 per share, OT Logistics said in a market filing. The company currently holds 32.56 percent shares in the company which controls the facility but has signed agreements with...

Locked content Thousands of white nationalists march on Independence Day

As many as 60,000 people, including many far-right white supremacists, marched in Warsaw on Polish Independence Day on Saturday. Many smaller marches took place in other Polish cities that day, with some of them also prominently displaying racist banners and symbols. Demonstrators with faces covered...

Locked content PiS submits changes to the electoral law

Poland’s ruling Law and Justice (PiS) party announced its proposed changes to the election law ahead of next year’s local elections. “We will introduce two terms for mayors and presidents starting from 2018. (We also plan) to replace majority electoral law with a proportional system,” PiS MP Łukasz ...

Locked content Duda and PiS reach compromise over judiciary reforms?

According to the ruling Law and Justice (PiS) MP Stanisław Piotrowicz both sides have reached the compromise regarding the judiciary reforms. “We’ve reached a preliminary agreement … I hope that in late November we could discuss the project in parliament,” Piotrowicz said. According to media s...

Locked content Tusk urges EU states to act quickly on the Nord Stream 2 scheme

The President of the European Council Donald Tusk has sent a letter to EU leaders, urging governments to address the draft amendments to the gas directive as soon as possible, the Polish Press Agency (PAP) said citing EU sources. Representatives of the European Parliament have already declared that ...

MF sells PLN 8.1 billion bond swaps

The Ministry of Finance sold PLN 8.07 billion worth of bond swaps on auction on Thursday, in return it acquired PLN 7.77 billion worth of bonds maturing next year.
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EU agrees on ETS carbon market reform

EU member states came to an agreement regarding the bloc’s the EU Emissions Trading System (ETS). The cap-and-trade system is the EU’s flagship tool for reducing greenhouse gases and meeting its climate goals by regulating emissions at some 12,000 industrial and power installations.

Locked content PKO BP submits failed bid to buy Baltics Luminor – Reuters

WSE-listed, state-owned lender PKO BP made an offer to buy Luminor, a Baltic peer, and is interests in buying other banks in the region, according to Reuters. The offer was rejected, Polish bank denied submitting any offers. “PKO Bank Polski has never submitted an offer to buy Luminor, neither has i...