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The Warsaw Voice » News from February 9, 2017
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MAGAZINE LATEST ISSUE
Oct. 25 marked a year since Polandís conservative Law and Justice (PiS) party won parliamentary elections, beating the centrist Civic Platform (PO) and securing enough seats to form a majority government with Prime Minister Beata Szydło at the helm.
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Business
Poland's Monetary Policy Council extended the rate hold to its twenty-third month keeping the central bank (NBP) reference rate at a record low 1.5 %.
Business
Natural gas giant PGNiG signed a 2017-2019 natural gas supply contract with steel producer ArcelorMittal Poland with an option of extension by another three years that would put the value of the deal to ca. PLN 1.4 billion, PGNiG said on its website.
Society
Even 50% of entrepreneurs and the self-employed will be receiving the minimum pension in 20-30 years, according to social insurance board ZUS analysts.
Business
Demand for housing loans in the Polish banking sector jumped by 41.5% year on year in January, while demand for consumer loans increased only marginally, by 0.7% y/y, Poland's credit information bureau BIK said.
Business
Poland's Finance Ministry wants to expand the draft bill on monitoring cargo shipments within the country by allowing undefined institutions concerned with public safety to collect data on road traffic according to the amendment prepared at the ministry.
Culture
Photographs from vintage family albums are on show at Warsaw’s History Meetings House, telling the stories of ordinary people from days gone by.
Business
A growing number of Polish firms decide to move production from China back to Poland as growing labor costs in China make imports less profitable, Rzeczpospolita daily writes.
Business
Chemicals firm Police, a unit of Grupa Azoty, wrote down the value of its investments in African phosphate assets via its unit African Investment Group (AFRIG), including PLN 283.6 million asset impairment on phosphate deposits alone, the company said in a market filing.
Business
Companies' debt towards social insurance board ZUS won't expire, Rzeczpospolita daily writes citing an amendment approved by the cabinet on Tuesday.
Business
mBank, the unit of Germany's Commerzbank, suffered a 5.5% year on year decline in fourth quarter earnings to beat consensus with a PLN 292.5 million Q4 attributable net profit, the bank's financial report and earnings presentation out Wednesday showed.
Business
Copper giant KGHM will invest some PLN 240 millio into its smelter in Legnica, which will enable an increase of copper cathodes production by 40% to 160,000 tons as of 2020, the company said in a press statement.
Business
Poland will add 360 km of roads to its e-toll system viaToll as of July 1 as it is seeking more money to fund its road construction program, Dziennik Gazeta Prawna daily reported.
Politics
The Polish government should increase its defense spending to 3% of GDP, the leader of Poland's governing party Law and Justice (PiS), Jaroslaw Kaczynski said in an interview for the weekly Gazeta Polska.
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