Severe weather hurts profits

The cold weather has also caused Warsaw to spend zł.6 million on fighting the winter. Stanisław Gomułka, chief economist with Grupa PZU, said: "If the period of strong frost and minus 20-40 degrees persists for three or four weeks, this could influence this year's economic results. Such weather creates problems, for example in the construction sector and foreign trade, due to difficulties in transport."