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...

Locked content Polish Defense Ministry to buy new rockets from PGZ

Polska Grupa Zbrojeniowa (The Polish Armaments Group), has signed an agreement with the Armament Inspectorate of the Ministry of National Defence (MON) for the production and supply of MANPADS “Lightning” rockets for the Armed Forces, said the Ministry in a press release on Wednesday. Th...

Locked content Raiffeisen Polbank: złoty should stabilize

A leading economist from Raiffeisen Polbank stated on Tuesday that recent fluctuations in the Polish złoty reflected the volatility of the euro in relation to the US dollar, and said that he did not expect the trend to continue beyond next week.  The euro [today] reached its lowest levels since 2003...

Morawiecki hopeful on growth figures

GDP growth in 2016 may be lower than expected, but according to Deputy Prime Minister and Minister of Finance Mateusz Morawiecki, there have not been negative consequences for the budget. Morawiecki was speaking in an interview with Polish radio on Tuesday. “The growth in 2016 may be slightly ...