EU agrees on stricter CO2 emission standards

The European Union decided to tighten CO2 emission standards for new passenger cars and light commercial vehicles (LCV). By 2030, new cars should emit on average 35 percent less CO2 compared to the current limits.

Bankruptcies and restructuring will rise by 20.2% in 2018

The number of company bankruptcies and restructuring in Poland will increase by 20.2 percent y/y in 2018 and by 9.3 percent y/y in 2019, according to Coface estimates. In 2017 the growth amounted to 16.4 percent. In the whole Central and Eastern European region (14 countries, including Russia) an in...

Unemployment rate at 5.8% in September

September unemployment rate remained unchanged compared to August and stood at 5.8 percent, the Minister of Labor Elżbieta Rafalska said. The number of unemployed people in September was about 948,900, which is 9,700 less than in August. On the annual basis, unemployment decreased by 15.1 percent.

Retail sales in Poland up 6.5% in August – Eurostat

In August retail sales in Poland grew by 6.5 percent y/y following 7.7 percent annual growth in July, Eurostat reported. On the monthly basis, retail sales fell by 0.7 percent. The annual data has been adjusted by the number of working days, and the monthly data is also seasonally adjusted, Eurostat...

23rd Book of Lists Gala

The 23rd annual Book of Lists Gala welcomed 180 guests – top-level executives across all industries. Like each year, the gala focused on major players operating in various sectors in Poland and awarded them with distinctions for their successes.

Unemployment falls to 3.4% in August – Eurostat

The seasonally adjusted unemployment rate in Poland was 3.4 percent in August compared to 3.5 percent in July, the EU statistical office Eurostat reported. The number of unemployed people decreased to 585,000 in July from 600,000 a month earlier. In the entire EU, unemployment stood at 6.8 percent.

Elon Musk agrees to resign as Tesla’s Chairman

Tesla’s CEO Elon Musk agreed to step down as the automaker’s Chairman in a settlement with the US Securities and Exchange Commission (SEC). Musk needs to pay a $20 million fine. However, he is still allowed to remain in the position of Tesla’s CEO. Musk doesn’t have to admit or den...

Locked content Czerwińska sees 2018 budget deficit at PLN 25 bln

The budget deficit for this year will be approximately 60 percent of the planned PLN 41.5 billion, Minister of Finance Teresa Czerwińska said to Interia.pl. This would amount to about PLN 25 billion. In the draft budget for this year, the government assumed GDP growth of 3.8 percent, however, after ...

Consumer spending will grow on average by 3% y/y in 5 years

Consumer spending is systematically growing: an average increase of 3 percent y/y is expected in the next five years. Over the next 12 years, the market should grow at the same or even faster pace and retail sales will become more interactive, both offline and online, according to CBRE report.