PMI drops below neutral level

For the first time in 13 months, the Poland Manufacturing PMI signaled a deterioration of business conditions in July. The index, compiled by HSBC and Markit Economics, declined to 49.4 points compared to 50.3 points in June.

KGHM launches production in Chile

Poland’s copper and silver mining giant KGHM has announced the launch of copper production at its Sierra Gorda mine in Chile. The facility is  scheduled to be officially opened in autumn.

Polish exports up by 8% in 2013

Poland exported nearly €155 billion worth of goods in 2013, 8 percent more than in 2012, statistics office GUS reported. Polish exports to the EU constituted 76.3 percent of the total volume, 1.3 percentage point less than in 2012.

Russia bans Polish fruit and vegetables

Russia’s phytosanitary inspection body (Rosselkhoznadzor) has decided to ban import of all Polish fruit and vegetables effective August 1. According to the agency, Polish fruit producers are notoriously breaching phytosanitary norms. The embargo will include apples, cabbage and cauliflower, as...

UK to Poles: play fair or get out

British Prime Minister David Cameron wants to crack down on immigrants who take advantage of the British benefit system. Known for mentioning Poles in his debates regarding immigrants and social benefits, Cameron vows to curb payments to EU nationals who do not find a job in the UK, cutting benefit ...

Commission approves state aid for LOT

After more than a year of formal proceedings, the European Commission announced on Tuesday that it has approved restructuring aid from the state for Poland’s national airline LOT.