Temporary agreement over the German minimum wage

The German minimum wage, standing at €8.5 an hour, will not apply to the Polish transport companies until the matter is clarified by the EU, Andrea Nahles, German Minister of Labour, announced Friday after negotiations with Władysaw Kosiniak-Kamysz, Polish Minister of Labour and Social Policy.

PKN Orlen buys oil reserves for PLN 956 mln

Poland’s largest oil company paid PLN 959 million ($259 million) to Neon Poland for certain oil reserves. The deal came after the expiry of an agreement with Neon under which PKN maintained the reserves and bought its oil output, Reuters reported.

Coal Holding to build a mining site in Dolny Śląsk

Coal Holding, part of the Australian Balamara Resources Limited group, is planning to open a mining site in the Lower Silesia region. The construction works are estimated to cost $150 million and start once the company obtains the necessary license, most probably in September, Andrzej Zibrow, CEO of...

Government proposals for franc-debtors

Janusz Piechociński, the Deputy Prime Minister and the Minister of the Economy presented the government’s recommendations for lenders regarding the situation of franc-debtors caused by the CHF appreciation, the press reported.

Government ready to consolidate energy sector

“A strong energy sector is one of foundations of Polish energy security … We would like to keep this segment under the control of Polish capital,” the Minister of the Treasury Włodzimierz Karpiński said on Wednesday, the Polish Press Agency reported.