Last contract for construction of Warsaw’s metro line 2 signed

The contract for construction of the shortest part of Warsaw’s metro line 2 was signed on Thursday, Under the contract, 2.5 km of tunnels, tunnel ventilation room, and two stations Ulrychów and Powstańców Śląskich will be built. The contract value is over PLN 959 million, for both stations and...

Morele.net will merge with Pigu.lt

Morele.net,  Polish e-commerce platform operating in the consumer electronics distribution segment, joins Pigu.lt – the largest online sales player in the Baltic States, the company said. As a result of the merger, one of the largest e-commerce groups in Central and Eastern Europe will be crea...

75% of Poles are concerned about climate change – EIB

75 percent of Polish citizens are concerned about climate change, while the EU average is 78 percent, according to the European Investment Bank (EIB). 40 percent of Poles believe that climate change is already a threat to humanity compared to the EU average of 59 percent. In general, Southern Europe...

Jaguar Land Rover will buy its unsold cars from BAH

Jaguar Land Rover Deutschland, the headquarters of the Jaguar Land Rover concern for Europe, will purchase unsold, unregistered and brand new Jaguar and Land Rover cars and spare parts from the British Automotive Holding subsidiary – BAH said in a statement.

Polish salaries may be equal to EU average in 59 years

The average Polish salary has been steadily increasing in recent years, reducing a gap with richer EU countries, Grant Thornton reported. However, it should take 59 more years for Polish earnings to be equal to the EU average, the company estimated.

Stress test show high resistance of Polish banks

European Banking Authority (EBA) stress tests showed high resilience of Polish banks in case of a theoretical macroeconomic shock, Financial Supervision Authority (KNF) reported. This year’s EBA research was conducted on a sample of 48 European banks, covering a total of about 70 percent banki...

Ford and Baidu will jointly test self-driving cars

The American Ford and Chinese technology company Baidu announced on Wednesday the launch of a two-year project, under which the companies will jointly test self-driving cars in China. The first tests of cars without a driver will be carried out on routes intended for this purpose in Beijing.

EC draws attention to gender pay gap

The European Commission once again draws attention to the inequality in salaries of women and men. Women in the European Union earn an average of 16.2 percent less than men. It’s as if women would work from October 26 to the end of the year for free.

Inflation is expected to grow in H1 2019

The majority of Monetary Policy Council members estimated that inflation in H1 2019 will increase, but will be close to the inflation target (2.5 percent y/y +/- 1 percentage point), according to “minutes” from the meeting published by the National Bank of Poland (NBP).