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).

LOT cancels 12 more flights due to strike

On Wednesday LOT canceled 12 flights from and to Warsaw because of the strike, Konrad Majszyk from LOT press service said. Stewardesses and pilots participating in the strike have been refraining from work for seven consecutive days.

Port of Gdańsk shows record number of visiting ships

Port of Gdańsk has noted a record number of ship visits from around the world during this year’s tourist season. There were 67 ships with more than 30,000 people aboard. The season began on April 18 with the visit of MS “Astoria”, the oldest passenger ship in the world, launched in...

Poland returns 1,400 tons of illegal waste to UK

Until now over 1,400 tons of illegal waste have been returned to the UK, Chief Inspector of Environmental Protection (CIEP) said on Thursday.  CIEP added that it agreed with the representatives of the UK Environment Agency (EA) details of the return procedure. By the end of Q1 2019, the return of wa...

World Bank raises Poland’s GDP growth forecast

The World Bank expects Poland’s GDP growth of 4.7 percent this year and of 3.9 percent in 2019. This is 0.5 percentage points higher for 2018 and 0.2 percentage points higher for 2019 compared to the April’s forecast.

NBP increases gold reserves to record level

Central Bank NBP increased its reserves in gold to the highest level in at least 35 years, data from the International Monetary Fund showed. They grew from 4.4 metric tons in August to some 117 tons in September, which according to the fund is the highest growth since January 1983.