Locked content New bill on land development may cause apartment price drops

A new bill on land development is crucial for acquiring new areas for residential investments Deputy Minister of Investment and Development Artur Soboń said.  He added that the bill may cause apartment price drops. Soboń also said the bill should not make a difference from developers’ point of...

Locked content New deputy minister in Development Ministry appointed

Andżelika Możdżanowska has been appointed as the deputy minister in the Development Ministry. She will be in charge of the government’s policies for Small and Medium Sized Enterprises, the Ministry stated. Możdżanowska was a member of the Polish People’s Party until July 2017. She is currently not a...

Locked content 80% subsidy on new heating systems for poorest families

On Tuesday morning the Undersecretary of State in the Ministry of Development, Jadwiga Emilewicz, announced that the poorest families will be able to count on a subsidy of up to 80 percent when buying a new furnace. Emilewicz added that there are currently 5.5 million low-quality furnaces in Poland ...

Poland moves up one place in Doing Business ranking

Poland has advanced from last year’s 25th place to 24th in the World Bank’s “Doing Business” ranking, according to an annual report published on Tuesday. The Ministry of Development commented that this is a sign that the Polish economy is heading in the right direction.

Locked content Airbus Group to demand compensation from Polish government

The head of Airbus Group announced that his company will demand compensation for the failed Caracal helicopter deal, according to TVN24, citing AFP. “We have never been treated by a government client the way we were treated by this government,” Airbus Director General Tom Enders stated. On Tuesday, ...

Locked content Development Ministry expects deflation at 0.4% in IX

The Ministry of Development is expecting that the deflation rate to fall in September to 0.4 percent from 0.8 percent in August. “The ministry estimates that prices will grow by 0.2 percent in 2016 due to an increase in the prices of clothes and shoes. The annual inflation rate should stand at...

Locked content Development Ministry downgrades Polish GDP forecast

The Ministry of Development has lowered a GDP growth forecast for 2016 from 3.5 percent to 3.4 percent and held a CPI inflation forecast at -0.5 percent. The whole year consumption should stand at 4.1 percent (correction from 3.9 percent) and investment will grow by 1.1 percent (correction from 1.5 ...

Locked content Poland to domesticate foreign banks – Morawiecki

Poland will seek to domesticate (if it cannot buy them outright) any foreign-owned banks that could be put on sale, Deputy Prime Minister and Development Minister Mateusz Morawiecki announced on Friday. “Speaking broadly, if a bank is put up for sale, then we would like its decision center to ...