Locked content Ministry of Economy to be replaced with Ministry of Development

PiS MP, Henryk Kowalczyk, said that the Ministry of the Economy will be liquidated and its duties will be taken up by the newly established Ministry of Development. “The new ministry will perform tasks of the current Ministry of the Economy and some of the Ministry of Infrastructure. The Minis...

Locked content Ministry of Economy announces this year’s forecasts

The unemployment rate will stand at 10.3 percent at the end of 2015, according to forecasts by the Ministry of the Economy. The ministry also expects that deflation will stand at 0.2 percent in 2015. The government assumes that  inflation will total 1.7 percent y/y in 2016. Industrial output is beli...

Locked content Piechociński: Algeria a strategic market

The participants of the Polish-Algerian Economic Forum agreed on Monday that Algeria offers huge investment opportunities for Polish entrepreneurs. The Ministry of Economy sees Algeria as a strategic market, which offers the possibility to participate in infrastructural, touristic and agricultural p...

Energy policy project for 35 years

The Polish Ministry of Economy published an energy policy project, to be consulted, that would last until 2050. This document introduces a gradual reduction of hard coal in the Polish energy mix.  In 2050, it is supposed to provide 28 percent of the country’s power demand.

Locked content 30,000 internship placements in SEZs

More than 30,000 internship placements, most of them paid, will be available this summer at companies from Special Economic Zones. “The Polish industry needs young, skilled workers. The way to acquire them is to offer internships and apprenticeships at companies,” Janusz Piechociński, Mi...

Locked content Mlekovita with subsidy, plans to spend PLN 380 mln

Dairy product manufacturer Mlekovita has signed a deal with the Ministry of the Economy, according to which the company will receive a subsidy of PLN 30 million for the expansion of a plant in Wysokie Mazowieckie. The total value of the investment stands at PLN 380 million. “Thanks to the inve...

Piechociński wants new ministry

A Ministry of Energy is to be established after the parliamentary elections this fall, regardless what political grouping wins, Poland’s minister of the economy, Janusz Piechociński informed.

Ministry of Economy: GDP growth at 3.2 in Q4 y/y

The Ministry of Economy informed Wednesday that the GDP growth slowed down to 3.2 percent in Q4 year-on-year from 3.3 percent in Q3 y/y. The ministry believes that the pace of GDP growth will exceed 3 percent in the coming quarters.