Public debt grows in Q1

The national public debt at end-Q1 increased by 2.8 percent q/q to PLN 989.17 billion, the Ministry of Finance reported.

Locked content Minimum wage may increase to PLN 2,250 in 2019

Ministry of Family, Labour and Social Policy proposes increasing the minimum wage to PLN 2,250 and an hourly rate to PLN 14.7 in 2019. Currently, the minimum wage amounts to PLN 2,100 per month, while the minimum hourly rate is PLN 13.7. “We gave a higher offer to keep the minimum wage at arou...

Locked content Slight decline in fuel prices is possible – analysts

This week, a slight decline in fuel prices is possible, analysts said. They refer to the recent drop in oil prices and a temporary reduction of wholesale prices in Polish refineries. The recent price reductions in refineries will certainly help in stopping the growth trend at many petrol stations.  ...

Locked content Trakcja appoints Marcin Lewandowski as CEO

Supervisory Board of WSE-listed railway infrastructure builder Trakcja appointed Marcin Lewandowski new CEO as of September 1 – the company said in a press release. Lewandowski has been a member of the board and COO of Bilfinger Berger / PORR since 2009. In March this year Jarosław Tomaszewski...

Locked content Metal prices in 2018 expected to grow – Coface

In 2018, metal prices should maintain an upward trend, and in 2019 a slight decrease is expected due to the expected global economic slowdown and overcapacity,  Coface report stated. From December 2017 to December 2019, the aluminum price is expected to grow by 2 percent. Copper price should go up b...

Locked content Interest unchanged possibly through 2020 – NBP head

Interest rates will “almost certainly” remain unchanged by end-2019 and possible also in 2020, said NBP head Adam Glapiński, after the Monetary Policy Council (RPP) decided to maintain current interest rates level yet again at its May sitting. The reference rate has been at 1.5 percent, Lombard rate...