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Construction firms with increasing debt – report

Construction firms had a total of PLN 2.21 billion in August 2017, which continues to increase, according to a report prepared by the National Debt Registry (KDR). The majority of the debt is a few years old, mainly arising from unpaid loans and leasing deals.
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S&P maintains Poland’s BBB+/A-2 rating, outlook stable

Ratings agency S&P has maintained Poland’s long and short term rating in foreign currencies at “BBB+/A-2,” the agency stated on Friday. The ratings’ outlook is stable. The long and short term rating in the domestic currency has also been maintained at „A-/A-2,” also with a stable outlook. Analys...
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GDP to grow 4.0% in 2017, could slow down after that – World Bank

The World Bank has increased its GDP forecasts for Poland to 4.0 percent in 2017, 3.6 percent in 2018 and 3.4 percent in 2019. Earlier estimates stood at 3.3 percent this year and 3.2 percent in 2018 and 2019. “In 2017, Poland’s economic growth will accelerate to 4.0 percent from 2.7 percent recorde...
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56% of Poles prefer cashless payments

Over a half of Poles (56 percent) prefer to pay without using cash, and consider payment card and smartphone as the most convenient methods of payment, according to a study conducted for eService. Only 31 percent of those polled prefer cash to cashless payments. The preferred methods of payment are ...
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Gov’t with 47% support

The current government has gained more public support in October, with 47 percent of Poles assessing its activity positively, 4 percentage points more than a month earlier, according to an opinion poll conducted by Kantar Public. Among the supporters, 10 percent were very positive about their govern...
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New R&D write-offs could save firms PLN 1 bln – Science Minister...

The recently adopted R&D write-off will save entrepreneurs some PLN 1 billion, Science and Higher Education Minister Piotr Dardziński told Radio TOK FM. The new law was passed on October 10. The bill could come into force by the end of 2017, which would mean that “starting January 1, 2018, Polis...
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Poland’s grain exports up 19% y/y, non-EU destinations on the ri...

Between July 2016 and June 2017 Poland exported 6.4 million tonnes of grain, including corn, which is 19 percent more than in the corresponding period of 2015/2016, according to data published by the National Support Center for Agriculture (KOWR). The increase was mainly due to the increase in wheat...
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Companies looking for 50+ employees – Work Service

Nearly 23 percent of companies employ people over 50 years of age and have plans to increase employment in that age group within the next 12 months, according to a survey conducted by Work Service. Meanwhile 3.8 percent of companies don’t have people over 50 on their payroll but are planning on hiri...