European Commision announces aid to farmers

The European Commission wants to spend €125 million on helping fruit and vegetable producers that experience losses due to Russian embargo. The funds are going to be used on withdrawing a part of the crop from the market to secure the stability of the prices, the EC said on Monday.

ZUS with PLN 3 bilion less than expected

The Social Insurance Institution (ZUS) notes, according to Puls Biznesu, that it’s income in first half of 2014 was PLN 65.8 billion. This result is PLN 0.3 billion lower than in the first two quarters of 2013. It is the first decline since 2008.

Poland to increase military spending

The Polish government is working on an act increasing military spending to 2 percent of  the GDP, Dziennik Gazeta Prawna reports. This means, that the army will be able to spend PLN 800 million more every year.

Coal a priority in draft energy policy

Coal will remain Poland’s main energy source, though other sources will also be used, according to a draft of the country’s energy policy until 2050, the Polish Press Agency reports.

Poles go for traditional cinemas

Data from the Central Statistical Office show that the share of multiplex cinemas in the market fell from 58.1 percent in 2012 to 55.2 percent in 2013 (cinemas with eight auditoriums or more). The highest increase of customers was noted in so-called miniplexes (three to seven auditoriums) and the sm...

GDP growth at 3.2% – flash estimate

Poland’s gross domestic product grew by 3.2 percent year-on-year in the second quarter of 2014, according to a flash estimate issued by the Central Statistical Office (GUS) on Thursday. The figure is in line with analysts’ expectations.

Deflation recorded in Poland in July

The consumer price index in Poland dropped to -0.2 percent year-on-year in July, the Central Statistical Office (GUS) said on Wednesday. In month-on-month terms prices also declined by 0.2 percent.

Lotos plans PLN 1 bln share issue

Poland’s second largest oil firm Grupa Lotos has announced plans to carry out a new share issue worth some PLN 1 billion. The transaction could be completed by the end of 2014, the group’s deputy CEO Mariusz Machajewski told the Polish Press Agency.