More than 2.1 mln children in Poland at risk of poverty

Over 2.1 million children in Poland are at risk of poverty, some 20 percent of families in the “Szlachetna Paczka” (Noble Gift) program do not have a bathroom in the house, and in every fifth family the monthly income per person does not exceed PLN 200, the “Report on poverty” published ...

Poland plans to use 60% of coal for energy by 2030

Coal should account for 60 percent of the energy mix in Poland by 2030, according to the draft of Poland’s energy policy until 2040. The decrease of coal share to below 30 percent is expected by 2040. According to the plan, in 2033 the first nuclear power plant will be built, and then a new nu...

Every fourth Pole plans to buy on Black Friday – SCB

Every fourth Pole wants to buy something on Black Friday. This is 7 percentage points more than in 2017, according to Santander Consumer Bank. Every third woman and 16 percent of men want to get Black Friday deals. Most respondents want to buy clothes and shoes (71 percent) followed by pcs and lapto...

OECD raises 2018 GDP growth forecast for Poland to 5.2%

The Organisation for Economic Cooperation and Development (OECD) has raised its 2018 GDP growth forecast for Poland to 5.2 percent from 4.6 percent previously. For 2019 OECD upgraded GDP growth estimate to 4.0 percent from 3.8 percent previously.

Almost every second Pole has a credit – BIK

Credit Information Bureau (BIK) recorded 15.3 million active creditors at the end of June. This means that almost every second adult Pole (48.8 percent) is repaying a credit or a loan. In total, there were registered 28.34 million liabilities in the amount of PLN 608.26 billion. The value of all cre...

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.