Locked content Minimum wage to rise – Labor Ministry

Poland’s ministry of labor plans to increase minimum wage to PLN 2,100 from the current PLN 2,000 per month, minister of labor Elżbieta Rafalska said. If the proposal would be implemented, it would come into force starting from January 1 next year. The new minimum monthly wage would constitute...

Locked content WSE-listed companies with record-high average debt

While the number of indebted WSE-listed companies has dropped to 56, and the value of its debt has also fallen by 15 percent to PLN 27.3 million, which means that on average, a company owes nearly PLN 500 million, which is a record-high value, according to National Debt Registry (KRD) data. “The com...

Locked content Kaczyński blames EU migrant crisis on Merkel

Leader of the Poland’s ruling party Law and Justice (PiS) Jarosław Kaczyński blamed German Chancellor Angela Merkel on the ongoing migrant crisis in the EU. “ We have not opened Europe for refugees, Merkel has. And it is Merkel and Germany that have to bear the consequences, not Poland,” he sa...

Locked content PGE to pay PLN 4.51 bln for Polish EDF assets

WSE-listed, state-owned power utility PGE will pay PLN 4.51 billion for the Polish EDF assets, the company informed. The value of the transaction includes PLN 2.45 billion in equity value and PLN 2.06 billion in debt and is expected to be finalized the deal by January 2, 2018. PGE will also be oblig...

Locked content Fuel prices continue to fall

Average fuel prices decreased by PLN 0.05, while diesel prices fell by PLN 0.05 last week, according to BM Reflex, a fuel branch consultancy company, LPG prices declined by PLN 0.03. Currently, gasoline sells at PLN 4.54/liter, diesel at PLN 4.36/liter and LPG at PLN 2.06. “We are slowly approaching...

Retail sales on the rise in April – GUS

Retail sales increased in April by 8.1 percent year-on-year and 1.2 percent m/m, according to GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 9.1 percent y/y and 0.8 percentdecline m/m.

Locked content Poland to launch tender for missing A1 road segment before holidays

Poland may launch a tender for the missing Częstochowa-Tuszyn segment of the A1 motorway before summer holidays, deputy Infrastructure and Construction Minister Jerzy Szmit said. “The tender is some 98-99 percent ready, so I expect it to be launched ahead of summer holidays,” he added. “There were d...